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The Next Perfect Banking Storm
page: 2share:
a reply to: onequestion
They're not setting US fiscal policy, they're setting policy for the rules banks agree to adhere to. It's international because if it weren't, no agreement would be possible between say Chinese, European, and US banks. The reason to try and hold everyone to the same standards is that doing otherwise opens the door for a bank to increase risk, undercut everyone, and create another major crisis. The idea is that an international group is going to be more conservative and less likely to trigger a recession/depression.
They're not setting US fiscal policy, they're setting policy for the rules banks agree to adhere to. It's international because if it weren't, no agreement would be possible between say Chinese, European, and US banks. The reason to try and hold everyone to the same standards is that doing otherwise opens the door for a bank to increase risk, undercut everyone, and create another major crisis. The idea is that an international group is going to be more conservative and less likely to trigger a recession/depression.
a reply to: onequestion
Following someones recommendations does not mean the person who recommended it is setting policy, it means they made a suggestion that makes sense to those that do set policy.
Following someones recommendations does not mean the person who recommended it is setting policy, it means they made a suggestion that makes sense to those that do set policy.
originally posted by: onequestion
a reply to: Aazadan
I bet leverage was involved.
Do you really believe they have honest intentions?
because: (no reason given)
Most people in charge aren't altruistic but they're not malevolent either. They generally want to make the world a better place in some way but they want to make some money in the process.
a reply to: Aazadan
I agree with that statement. In addition I'd say someone's idea of how to make the world better may clash with another's. Even further how one imagines things unfolding and how they actually do can be quite different. The best of us seem to be trying to unmuck their own "good work" more than laying new foundations which will inevitably become corrupted.
I agree with that statement. In addition I'd say someone's idea of how to make the world better may clash with another's. Even further how one imagines things unfolding and how they actually do can be quite different. The best of us seem to be trying to unmuck their own "good work" more than laying new foundations which will inevitably become corrupted.
edit on 2-4-2016 by pl3bscheese because: (no reason given)
a reply to: onequestion
I think a lot of people are just coming to grips with the fact that politicians don't want justice, they want power, and will sell out their constituency into perpetual debt slavery to get it and keep it, every time. I can honestly say I don't trust anyone who wants to hold office anymore. They are actors. Actors who aren't even paid that well for their current job. Their real pay comes later when they've done their time doing the bidding of the deal-making class.
It's sobering.
I think a lot of people are just coming to grips with the fact that politicians don't want justice, they want power, and will sell out their constituency into perpetual debt slavery to get it and keep it, every time. I can honestly say I don't trust anyone who wants to hold office anymore. They are actors. Actors who aren't even paid that well for their current job. Their real pay comes later when they've done their time doing the bidding of the deal-making class.
It's sobering.