Sunday, October 7, 2012

We need to put our banks urgently back on the right track…but?

How on earth can someone who has not understood how capital requirements for banks, based on ex ante perceived risk, can so completely distort the economy, be able to get our banks back on track? No way Jose!

If governments and congresses around the world does not wake up to the fact that they need to produce a major shake-up of the regulatory establishment, they will pay for it… as of course will we citizens also have to do.

Would there not be a major shake-up in the Ministry of Health if it became known that it was directly responsible for having spread a very dangerous virus? You can bet there would be one!