The Dark Secret That Shall Not Be Told! 10 years since Lehman crash. How many times have you during the last decade read that regulators allowed banks to leverage 62.5 times their capital, with assets rated AAA to AA by human fallible rating agencies?
https://subprimeregulations.blogspot.com/2017/11/my-tweets-asking-very-courteously-bank.html …
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Another Dark Secret That Shall Not Be Told! How many times have you read about that EU authorities, for bank capital requirements, assigned Greece a 0% risk weight, and thereby doomed that nation to its tragic excessive indebtedness? https://subprimeregulations.blogspot.com/2012/12/one-of-greatest-myths-is-that-if-greece.html …
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Never thought I'd see a pro Trump article like this in the New Yorker!
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