Re: CASPER for SEP 30th - BUSH HOUSE ARREST, G....
From other posts I see that you are at least aware of the BASEL II connection to this entire financial nightmare. Is Casper (whoever that is) aware of the BASEL II accords at all? I've seen it mentioned here in a few posts, but no one has bothered to explain it much. Maybe I can help?
In 1999, central bankers and finance ministers of 10 of the world's wealthiest nations sent their deputies to the tidy Swiss city of Basel. The world's leading financial regulators labored together to strike a balance between ensuring banks'safety and giving them room to take risks and make money, finally in 2004 producing a recommended rulebook called Basel II.
The start date for American banks to begin submitting their plans for compliance to U.S. regulators was Apr. 1.
Basel II is intended to keep banks safe by requiring them to match the size of their capital cushion to the riskiness of their loans and securities. The higher the odds of default, the less they can lend, all else equal.
