Wednesday, March 19, 2014
Bank regulatory experts in the Basel Committee, and the Financial Stability Board, with their risk based capital requirements, by allowing banks to earn much higher risk adjusted returns on equity when lending to “The Infallible”, are blocking the access of “The Risky” to bank credit.
With that these tyrants are killing our economies… Who authorized them to such odious and senseless discrimination? Did we not become what we are because of risk taking?
World Bank, IMF what’s wrong with you? You must know this is not right.
Note: Inspired by William Easterly’s “The Tyranny of experts”