Re: all of the crisis was down to bankers and their friendly regulators - regulation was universally acc Archived Message
Posted by Chris Rogers on August 30, 2019, 6:02 pm, in reply to "all of the crisis was down to bankers and their friendly regulators - regulation was universally acc"
As a reminder CJ, Lehman Brother's was actually Basel II complaint the day before its actual demise, the Basel Committee being those who set minimum banking regulatory standards globally, whilst Deutsche Bank was leveraged 66-1, and why is this important, well, the GFC expressed its ugly face at a French Bank first and within 12 months had infected all, and, those very same german and French banks were highly exposed to Greek Debt, much of which was unsecured, so Greece, was made to pay for the excesses of the French and German Banks by the Troika - still, gotta love the EU and ECB ain't we.
|
|