Bernake and friends propose that banks will no longer have to hold - TopicsExpress

Bernake and friends propose that banks will no longer have to hold onto 5% of the Credit that they issue. That’s right, Banks will once again be allowed to freely create credit with ZERO liability which is what caused the first collapse of the Market. I like this line from the article as well: “Just when it appeared that our government could not reach a lower bar on the stupidity meter”: forbes/sites/richardfinger/2013/07/31/a-proposed-rule-that-could-cause-another-mortgage-crisis/

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