Comments on: US Fed throws the mother of all lifelines http://www.crikey.com.au/2008/03/17/us-fed-throws-the-mother-of-all-lifelines/ now with extra source Sun, 12 Feb 2012 00:58:05 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: arpy http://www.crikey.com.au/2008/03/17/us-fed-throws-the-mother-of-all-lifelines/#comment-7406 arpy Thu, 01 Jan 1970 10:00:00 +0000 #comment-7406 It doesn't really matter what the increasingly desperate Fed does now.At the heart of this stinking ponzi pile is the inescapable fact that all these financial institutions are flat broke.More ponzi tricks from the Fed is not going to make it all better. It doesn’t really matter what the increasingly desperate Fed does now.At the heart of this stinking ponzi pile is the inescapable fact that all these financial institutions are flat broke.More ponzi tricks from the Fed is not going to make it all better.

]]> By: LimitedNews http://www.crikey.com.au/2008/03/17/us-fed-throws-the-mother-of-all-lifelines/#comment-7407 LimitedNews Thu, 01 Jan 1970 10:00:00 +0000 #comment-7407 Agreed. The main purpose of the bailouts is to cynically convince the markets and the public that everything is being done to save the system. Then people will more willingly accept the outcome, which will be indentured servitude for many with mortgages. Agreed. The main purpose of the bailouts is to cynically convince the markets and the public that everything is being done to save the system.
Then people will more willingly accept the outcome, which will be indentured servitude for many with mortgages.

]]> By: Paul Richards http://www.crikey.com.au/2008/03/17/us-fed-throws-the-mother-of-all-lifelines/#comment-7408 Paul Richards Thu, 01 Jan 1970 10:00:00 +0000 #comment-7408 I am surprised by the lack of media comment about the Base II Accord reference - http://en.wikipedia.org/wiki/Basel_II_Accord This Accord clearly outlines 2008 as the rollout of new lending criteria. This Accord finalised in 2004. So why is it surprising the credit issues in America have surfaced? After all the rules have changed and capital requirments for banks worldwide have altered dramatically. Basel Accords refer rounds of deliberations by central bankers from around the world, and in 1988, the Basel Committee (BCBS) in Basel, Switzerland. At the Accord they published set of minimal capital requirements for banks. The first was known as the 1988 Basel Accord, and was first enforced by law in the Group of Ten (G-10) countries in 1992. The current accord is a follow on from the original, and it was agreed to change banking practices globally. Why no media outlet has run with this incredible change to lending practices decided on in the 1980s by bankers is amazing. I am surprised by the lack of media comment about the Base II Accord reference - http://en.wikipedia.org/wiki/Basel_II_Accord

This Accord clearly outlines 2008 as the rollout of new lending criteria. This Accord finalised in 2004. So why is it surprising the credit issues in America have surfaced?

After all the rules have changed and capital requirments for banks worldwide have altered dramatically.

Basel Accords refer rounds of deliberations by central bankers from around the world, and in 1988, the Basel Committee (BCBS) in Basel, Switzerland. At the Accord they published set of minimal capital requirements for banks. The first was known as the 1988 Basel Accord, and was first enforced by law in the Group of Ten (G-10) countries in 1992.

The current accord is a follow on from the original, and it was agreed to change banking practices globally. Why no media outlet has run with this incredible change to lending practices decided on in the 1980s by bankers is amazing.

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