Goes along well with the post The Twisted Tale of $200 Billion…. Now you see it…. now you…. opps!.
Source – Removing the Shackles
Very interesting folks!!! My highlights and comments in blue.
Banks Get a Break on Leverage-Ratio Rules
BASEL COMMITTEE SOFTENS TERMS OF REQUIREMENT MEANT TO ENSURE LENDERS’ SOUNDNESS
Which gives the banks greater ability to hide their derivative runs in the City of London etc…
Please re-read my article “Twisted tale of $200 billion”
“when the Fed announced that an unprecedented $198 billion (that’s 20% of a trillion) among 102 entities was reverse repoed to it (an average of just under $2 billion per counterparty) in what can only be characterized as the most grotesque temporary open market operation conducted by the Fed in history.”