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Tag Archives: double liability
There ought to be a law
Have you ever watched a major league infielder boot a routine ground ball and thought: “For the amount of money he’s being paid, he shouldn’t make that kind of rookie mistake”? As a fan, it is frustrating. That is how … Continue reading
More capital
The Financial Times reports that a study conducted by Bank of England researchers finds that the current level of risk-weighted capital held by banks (about 7 percent) is woefully inadequate to protect against future financial crises. Calibrating their model with … Continue reading
Posted in Financial Crisis, financial regulation
Tagged bank capital, Basel accords, double liability
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Make them pay…make them pay
Carried away by ever-rising real estate prices and aided and abetted by new types of financial instruments, the financial system’s overindulgence in risk has left taxpayers with a nasty hangover, a hefty tab, and a desire to make someone pay. … Continue reading
