Powered by Bravenet Bravenet Blog

Subscribe to Journal

Saturday, September 4th 2010

10:31 PM

Basel Three: Does the Tea Party Get It?

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 thefounderindia:

the founder is founder magazine for cover startup founder stories, startup founder news,
founder interview, we like to cover all type founder interview and their story,
we want to share my reader true story
the founder
startup stories in india
founder story
founder magazine
Monday, March 1st 2021 @ 12:03 AM

Posted by hydroxychloroquine treatment updates:

Hello all, here every one is sharing these kinds of know-how, so it's nice to read this blog,
and I used to visit this weblog everyday. https://hydroxychloroquinej.jueriy.com/
Sunday, February 28th 2021 @ 1:05 PM

Posted by how does hydroxychloroquine work:

Very nice article, exactly what I was looking for. https://hydroxychloroquinew.webbfenix.com/
Saturday, February 27th 2021 @ 8:57 PM

Posted by garage door installation bran:

Nice service there are just few who are providing this service great job.
Saturday, February 27th 2021 @ 7:48 PM

Posted by what does hydroxychloroquine do:

Hey There. I discovered your blog the usage of msn. This is a very neatly written article.
I will make sure to bookmark it and return to read extra of
your useful information. Thanks for the post. I will certainly comeback. https://hydroxychloroquinea.advantagetriseal.com/
Saturday, February 27th 2021 @ 2:39 AM

Posted by Clean Air Duct Pittsburgh:

This amazing post impressed me
Friday, February 26th 2021 @ 2:22 AM

Posted by Mussoorie Escorts:

Mussoorie Escorts are fun and accepted, want the best Escorts Service in Mussoorie have to offer? Then look no extra hire wonderful Mussoorie Call Girls services 24*7.
Friday, February 26th 2021 @ 1:21 AM

Posted by drugstore online shopping:

drugstore online shopping http://cialllis.com/
Wednesday, February 24th 2021 @ 6:23 PM

Posted by hydroxychloroquine sulfate 200 mg:

What's up to every body, it's my first pay a visit of
this webpage; this website consists of awesome and
truly fine stuff in support of readers. https://hydroxychloroquinel.lm360.us/
Tuesday, February 23rd 2021 @ 9:08 PM

Posted by commercial green cleaning services pittsburgh:

This amazing post impressed me
Tuesday, February 23rd 2021 @ 6:30 PM

Posted by hydroxychloroquine use by country:

Thanks to my father who informed me concerning this website, this web site is genuinely amazing. https://hydroxychloroquineg.grassfed.us/
Tuesday, February 23rd 2021 @ 6:58 AM

Posted by hb5reviews:

I was very pleased to find this site.I wanted to thank you for this great read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you post.

Where to buy Hormonal harmony hb5
Tuesday, February 23rd 2021 @ 5:09 AM

Posted by hydroxychloroquine antiviral effects:

hydroxychloroquine antiviral effects https://hhydroxychloroquine.com/
Tuesday, February 23rd 2021 @ 12:46 AM

Posted by Taniya Khan:

You make so many great points here that I read your article a couple of times. Your views are in accordance with my own for the most part. This is great content for your readers.
Escorts service in Delhi
Monday, February 22nd 2021 @ 10:55 PM

Posted by Delhi Call Girls:

Hire Best Call Girls for desirable fantasy. We have a huge collection of call girls like Colleges call girls, University, Models Escorts, High-Profiles, Housewife, Russians and Celebrity Escorts Available For Fun. Very attractive, friendly behaviour and safe & secure all facilities available in Delhi Call Girls Service. Accommodations.
Monday, February 22nd 2021 @ 8:44 PM

Posted by monika:

Exceptional online diary segment.I, for example, to assess this article considering I fulfilled a particularly tremendous heap of new authentic parts concerning it genuinely.
Jaipur Escorts
Jaipur Call Girls
Jaipur Escorts
Jaipur Escorts Service
Jaipur Escorts
Monday, February 22nd 2021 @ 6:22 AM

Posted by monika:

Sunday, February 21st 2021 @ 11:34 PM

Posted by off label use for viagra:

off label use for viagra https://viaplz.com/
Sunday, February 21st 2021 @ 3:52 PM

Posted by why is viagra so expensive:

why is viagra so expensive http://viaaagra.com/
Saturday, February 20th 2021 @ 10:22 PM

Posted by tadalafil citrate research liquid:

tadalafil citrate research liquid https://tadalafili.com/
Saturday, February 20th 2021 @ 4:41 AM

Posted by אטרקציות לחתונה:

I definitely appreciate your blog. Excellent work!
Saturday, February 20th 2021 @ 12:48 AM

Posted by scrtobsession:

You got a really useful blog I have been here reading for about half an hour. I am a newbie and your post is valuable for me.

his secret obsession reviews
Friday, February 19th 2021 @ 1:15 AM

Posted by monika:

Reasonable work.Instructive and enchanting. I discovered this site in like way with enormous loads of new and basic data consistently. Consequently, I could to discover . Here is the source. Escorts in Jaipur

Jaipur Escorts
Jaipur Escorts Service
Jaipur Escorts
Jaipur Escorts
Thursday, February 18th 2021 @ 4:45 AM

Posted by Isabella walker:

Activate Website is a great platform for online merchants, bloggers and novice entrepreneurs who want to expand their customer base via online mode. No matter if you are a beginner in the digital-shopping world or you have no prior knowledge of coding, Activate Website will help you build a strong foundation first and upgrade your website. for more information visit our website Website Builder
Wednesday, February 17th 2021 @ 9:33 AM

Posted by ivermectin tablets for humans:

ivermectin tablets for humans http://ivermmectin.com/
Wednesday, February 17th 2021 @ 7:17 AM

Posted by petersons:

Great and excellent post
financial news magazine
Wednesday, February 17th 2021 @ 5:51 AM

Posted by startupkhabar:

Startup khabar is platform to provide news related to brands & to understand the brands.It publish the news & stories of companies CEOs & Founders from all over India.
India's leading business site for latest news on business brands,startup news,financial,technology and industrial news.

Wednesday, February 17th 2021 @ 1:46 AM

Posted by latest hydroxychloroquine study:

latest hydroxychloroquine study http://hydroxychloroquined.online/
Tuesday, February 16th 2021 @ 2:17 PM

Posted by viagra:

If some one wishes expert view concerning blogging after that i
suggest him/her to go to see this webpage, Keep up the good job. http://cleckleyfloors.com/viagra
Tuesday, February 16th 2021 @ 5:38 AM

Posted by vidalista works:

vidalista works http://vidallista.com/
Monday, February 15th 2021 @ 2:03 PM

Post New Comment

No Smilies More Smilies »