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Wednesday, May 26, 2010 - 7:54 AM
Regulators Seek Global Capital Rule
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.
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