Sunday, September 19, 2010

Basel III: Tightening the Noose on Credit -- Seeking Alpha

Basel III: Tightening the Noose on Credit -- Seeking Alpha: "The stock market shot up on September 13, after new banking regulations were announced called Basel III. Wall Street breathed a sigh of relief. The megabanks, propped up by generous taxpayer bailouts, would have no trouble meeting the new capital requirements, which were lower than expected and would not be fully implemented until 2019."

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