Powered by Bravenet Bravenet Blog

Subscribe to Journal

Saturday, September 4th 2010

10:31 PM

Basel Three: Does the Tea Party Get It?

Links:
Basel 3 Part One
Basel 3 Part Two
Basel 3 Part Three

Basel 3 is going to make profound changes that weaken the nation and put taxpayers on the hook for massive debt. Our congress and citizens must understand this. I don't know if the Tea Party understands what is going on here. I wrote about this before and here is an attempt to clarify the explanation at Mish's blog:

Ok,here is an explanation. The Basel 3 committee plans to establish the ability of the TBTF banks to buy massive amounts of mortgage backed securities from fannie and freddie. They intend to buy so many of them and make them such a large portion of the new tier two requirements that they will have a crisis if the congress ever took away the loan guarantees. So, congress will not be able to take away the loan guarantees. Previously, the congress had an answer to moral hazard. At least they had the threat to take away the mortgage guarantees. But now it will be impossible to do this without creating a tier two banking crisis, which will necessitate a massive bailout. In other words, Basel 3 is making it clear that the financial system itself has become too big to fail. Basel 3 is betting that they will have congress in the palm of their hand, and that congress will not allow any financial meltdown by taking away the loan guarantees. Of course, this will create a moral hazard and the way will be smoothed to allow easy money loans to go wild. This will cause a crash that will require taxpayer bailout. This is a bad deal for the United States and proves that there is an international bankster conspiracy against the sovereign nations. Hope this helps.


Archive Link
30 total comments.

Posted by Jenny anams:

i never know the use of adobe shadow until i saw this post. thank you for this! this is very helpful.
Best wordpress web hosting
Tuesday, May 26th 2020 @ 3:11 AM

Posted by Alissa:

Great information. Lucky me I ran across your website by chance (stumbleupon).
I've book marked it for later!

my website: krunker io
Saturday, May 23rd 2020 @ 12:32 AM

Posted by Joe Jacobs:

Posted by kajalservice escorts:

Posted by Kaspersky Discount Code:

This is really helpful post and very informative there is no doubt about it. I found this one pretty fascinating and it should go into my collection.
Thursday, May 21st 2020 @ 1:12 AM

Posted by Charles Taylor:

this is a great post, You did a really good job explaining. Greetings from Germany! laminate floor that looks like wood
Monday, May 18th 2020 @ 2:11 AM

Posted by Magellan roadmate map update:

Posted by Rolland Vega:

Why is it always americans who tell us how to do high tea or afternoon tea. concrete stamping
Friday, May 15th 2020 @ 4:47 AM

Posted by Sophie Miller:

Ich danke Ihnen für die Information! Ich war auf der Suche nach und konnte nicht finden. Du hast mir geholfen! 192.168.1.254
Thursday, May 14th 2020 @ 12:10 PM

Posted by Stella Martin:

Get coupons for your purchase of Kaspersky products from our Kaspersky Offers . Yes, we are here and giving some Discount Coupons, Exclusive Offers, and many more awesome coupons for making your purchase very easy.
Thursday, May 14th 2020 @ 2:56 AM

Posted by Stella Martin:

Get a very genuine and amazing offers with an exclusive deals on Kaspersky products and services. Yes, it is true, if you use our Kaspersky Promo Codes for your purchase then you will get a very brilliant discounts on your product.
Thursday, May 14th 2020 @ 2:55 AM

Posted by Latest Punjabi Lyrics:

https://luzdeluna.podspot.de/post/xtra-cancion-de-cuna-johannes-brahms/#comment0
Monday, May 11th 2020 @ 8:01 AM

Posted by maryanams:

I really happy found this website eventually. Really informative and inoperative, Thanks for the post and effort! Please keep sharing more such blog.
Coupons for Cyberlink
Monday, May 11th 2020 @ 2:52 AM

Posted by buy hydroxychloroquine:

buy hydroxychloroquine https://azhydroxychloroquine.com/
Monday, May 11th 2020 @ 12:37 AM

Posted by Satta King:

Your Site is very nice, and it's very helping us this post is unique and interesting, thank you for sharing this awesome information. and visit our blog site also.
Sunday, May 10th 2020 @ 8:07 AM

Posted by viagra without a doctor prescription:

much chapter [url=http://viacheapusa.com/#]viagra without a doctor prescription[/url] online pharmacy generic viagra viagra
without a doctor prescription physically watch http://viacheapusa.com/
Saturday, May 9th 2020 @ 8:18 PM

Posted by gareema goyal:

Posted by gareema goyal:

Posted by gareema goyal:

Posted by Aaron Bryant:

You have a very nice way of posting things. Greetings from Germany!
https://www.seamless1.co.za
Thursday, May 7th 2020 @ 6:14 PM

Posted by chloroquine online pharmacy:

chloroquine online pharmacy https://chloroquine1st.com/
Thursday, May 7th 2020 @ 1:17 AM

Posted by tylenol 500 mg:

Hi there! I know this is kinda off topic but I'd figured I'd ask.
Would you be interested in trading links or maybe guest writing a blog post or vice-versa?
My site covers a lot of the same topics as yours and I
feel we could greatly benefit from each other. If you might be interested feel free to shoot me an email.
I look forward to hearing from you! Superb blog by
the way! https://tylenol1st.com/
Wednesday, May 6th 2020 @ 9:33 PM

Posted by Leon Ross:

After going over a few of the blog articles on your web site, I seriously like
http://www.earningmoneyonthenet.com/
Monday, May 4th 2020 @ 1:33 AM

Posted by Saxena:

This is a truly incredible post and the way in which you convey the nuances of all your posts which is exceptionally sufficient. Escorts in Jaipur are obliged to offer this important position of appreciation. Since I have to visit your site without fail for new updates.
Friday, May 1st 2020 @ 5:06 AM

Posted by Natasha:

Truly exceptional post. I value this article. There is more information for us in such an actual article. Jaipur Escorts applaud you for sharing this amazing post.
Friday, May 1st 2020 @ 5:05 AM

Posted by professional house cleaning:

Common bribes ineluctables homogeneous level to do something. This specific generate in your thoughts totally turn into specifically outstanding professionally whilst All of us repair almost any fortuitous so that you can sexual my weblog. Vainglorious! Blesss for your inhales, its been also beneficial. Unveils type intended for speaking about ones information. professional house cleaning
Friday, May 1st 2020 @ 3:53 AM

Posted by online shopping
udaipur news
buy online
udaipur tour
udaipur escorts:

Posted by it app development company:

[url=http://code-kit.com/]Software development company[/url]
[url=http://code-kit.com/]Business development growth[/url]
[url=http://code-kit.com/]Best software development companies[/url]
[url=http://code-kit.com/]Top software developer companies[/url]
[url=http://code-kit.com/]ecommerce app development proposal[/url]
[url=http://code-kit.com/]IT Software development company[/url]
[url=http://code-kit.com/]IT development company[/url]
[url=http://code-kit.com/]Software design company[/url]

[url=https://easypractice.in/]exam preparation[/url]
[url=https://easypractice.in/]online exam preparation[/url]

[url=https://easypractice.in/]online job preparation[/url]

[url=https://easypractice.in/]online exam preparation[/url]

[url=https://easypractice.in/]government exam preparation[/url]

[url=https://easypractice.in/]online government job preparation[/url]

[url=https://easypractice.in/]online government exam preparation[/url]

[url=https://udaipurmirror.com/]udaipur tour and travels[/url]

[url=https://udaipurmirror.com/]udaipur tourism[/url]

[url=https://udaipurmirror.com/]udaipur news[/url]

[url=https://udaipurmirror.com/]udaipur corona news[/url]
Wednesday, April 29th 2020 @ 7:39 AM

Posted by Mary Smith:

we are provide you the best webhosting plan in budget-friendly price with amazing features that help you to create website easily and save your valuable time also.

Web hosting
Tuesday, April 28th 2020 @ 2:54 AM

Posted by Martin:

Just visit our Kaspersky Coupon Codes for getting a very genuine and heavy discount on Kaspersky products and services. You need to just keep your attention here for very small time.
Monday, April 27th 2020 @ 2:46 AM

Post New Comment

No Smilies More Smilies »