My Fourth of July 2019’s tweets to the United States of America
This Fourth of July 2019, here below, are three tweets in which, to the United States of America that I admire and am so grateful to, I express my very heartfelt concerns.
These gave banks huge incentives to finance what was perceived as safe, and to stay away from the “risky”.
It is so contrary to a Home of the Brave opening opportunities for all.
And bank regulators decreed risk weights: 0% sovereign, 100% citizens
That implies bureaucrats know better what to do with credit than entrepreneurs
That has nothing to do with the Land of the Free, much more with a Vladimir Putin’s crony statist Russia
America, where do you think you would be if you had welcomed all your immigrants with risk weighted bank capital requirements?
PS. “grateful to”? Had my father, a polish soldier not been rescued by American’s from a German concentration camp April 1945, I would not be.
PS. As one of those millions Venezuelan in exile, I know my country’s future much depends on America’s will to support its freedom.
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