” 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. “
Free money for banks
“all the debt are belong to us..”
It’s free money from the banks. Banks will essentially hold IOU’s just like in Social Security. A retiree I know was going down to see just where his retirement saving is, he thought cash in the bank was financial security, only to find out the bank may not have the cash, in cash.