[Son House]

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 debt—a 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.

[ding_dong_daddy_from_dumas]

US and European regulators are essentially forcing banks to buy up their own government's debt—a 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.