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Regulators Seek Global Capital Rule

Wednesday, May 26, 2010 - 7:54 AM
From the New York Times
The Obama administration is pursuing an international agreement to make banks hold significantly larger reserves, which it regards as essential to increase the stability of the global financial system.
I thought the article's definition of capital was interesting:
Capital is the body fat of banking: too much is debilitating, too little is fatal.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,600