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Do the proposals go too far?

The group of international regulators known as "the Basel committee" has recommended strict new guidelines to restrain bank lendingwhich they hope will curb the type of runaway lending that can lead to a financial crisis. The plan, if implemented, would require banks to hold more cash and capital in reserve.

By Local Editors  |  September 10, 2010; 9:43 PM ET Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati  
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The question this poll poses is a trick question. It supposes that the person taking the poll accepts being ruled by a group of wealthy elites meeting in Switzerland. For all the wars fought over sovereignty, the reality is that all of the economies of the world are one economy and it is run by a wealthy elite who do not care about anything but power. Good to know!

Posted by: greeenmtns | September 11, 2010 10:07 AM

A stable international financial system is a public good and thus it is important to work to find ways in which to insure it. The international elite that GREENMTNS mentioned does not suffer as much as the poor or those in the lower middle class when an economy crash. GREENMTNS is correct that the int'l system is controlled by the elite, but until that's changed we need to push for serious standard to avoid crashes. I think Basel should stand firm on its reserves standards and its counter-cyclical efforts.

Posted by: Figaro1 | September 11, 2010 10:26 AM

Face it, the new bubble is the swelling bloated over sized and over priced Federal Governanace.

When the talk of one State Arizona decrys that there voting booths are corrupted by
"imported" voters re-elecing John Mc Cain to Congress, it appears there is trouble afoot for his credibility.
This "No Confidence" syndrome in Feds who have become emperors without clothes, is resulting in sa full blown refusal to move money by the people to eliminate taxes going to support corruption....aka... Preppers depression.

If the integrity of the US Congress stands, seated incumbent corruption will be prosecuted for their historical breeches.
Apparently, Mc Cain's only choice to avoid being included in that roundup, is to write
"One Flag one Allegiance" legislation, and also author a bill calling for term limits in the new rounds.

Posted by: dottydo | September 12, 2010 12:30 PM

until banks are healthy and can make a profit, there will be no recovery. banks and other financial institutions still make up 16% of s&p 500 and until they make a profit and can pay dividends, there will be 16% "dead money" in index funds. along with obamalosi's 33% tax increase in January, i'm getting sicker and sicker about my retirement.

Posted by: jibe | September 12, 2010 2:49 PM

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