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More Bank Equity Is Needed and Not Socially Costly

Much More Bank Equity Is Needed and Is Not Socially Costly Text of Letter Published in Financial Times November 9, 2010 The Basel III bank-regulation proposals that G20 leaders will discuss fail to eliminate key structural flaws in the current system. Banks’ high leverage, and the resulting fragility and systemic risk, contributed to the near …

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Worth a Look: Rahm Emanuel conducting pogroms within Obama administration and Democratic Party

Phi Beta Iota: This is a replay of a Wayne Madsen report.  Over lunch we checked with our most connected consultant and learned that this is roughly half right, with some of the specifics names and methods not right, but that over-all there is general consensus on three points:  Rahm is playing dirty “within and …

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