Sunday, July 07, 2013
Current capital requirements for banks favor the access to bank credit of “The Infallible”, like the sovereigns and the AAAristocracy, those already favored by markets, because they are perceived as “absolutely safe”; and thereby discriminate, odiously, against the access to bank credit of “The Risky”, like the small businesses and entrepreneurs, those already discriminate against by the markets, precisely because they are perceived as “risky”.
What a sad bunch of “progressives” you are, not caring about widening the gap between “The Infallible” and “The Risky”
What a sad bunch of “free-market supporters” you are, not caring about how the current bank regulations distort.
“Oh but it is all to make our banks safer” Bullshit! Our banks are never ever threatened by what is perceived as “risky”, only what is considered “absolutely safe” cause major crises.
To download the whole Journal of Regulation and Risk - North Asia, Volume V Issue II Summer 2013: here