To: CNSNews.com
Follow the cash;
Banks Pressured to Buy Government Debt http://www.freerepublic.com/focus/f-news/2890296/posts
US and European regulators are essentially forcing banks to buy up their own government's debta move that could end up making the debt crisis even worse, a Citigroup analysis says.
Regulators are allowing banks to escape counting their country's debt against capital requirements and loosening other rules to create a steady market for government bonds, the study says.
5 posted on
06/07/2012 11:08:30 AM PDT by
Son House
(The Economic Boom Heard Around The World => TEA Party 2012)
To: Son House; sickoflibs; CNSNews.com; stephenjohnbanker; DoughtyOne; calcowgirl; Gilbo_3
US and European regulators are essentially forcing banks to buy up their own government's debta move that could end up making the debt crisis even worse, a Citigroup analysis says. Regulators are allowing banks to escape counting their country's debt against capital requirements and loosening other rules to create a steady market for government bonds, the study says.Did you notice that the markets went up 300 points on Wedneday after the "rich" European govts. promised to bail out irresponsible Greece? Reward profligacy, punish frugality. Diabolical.
8 posted on
06/07/2012 11:31:53 AM PDT by
ding_dong_daddy_from_dumas
(Fool me once, shame on you -- twice, shame on me -- 100 times, it's U. S. immigration policy.)
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