Far later than anticipated (July 27th) but I’m sure that the banks won’t be ready:
Federal regulators are preparing to introduce new banking rules that would force big banks to hold up to 20% more capital, the Wall Street Journal reported Monday.
The new standards would differ by the type and size of bank, imposing the toughest requirements on “megabanks” focused on trading, such as Goldman Sachs, the Journal reported. Large banks would face 20% increases to capital requirements on average.
Trouble is that money is already leaving the banking system as some seem to be anticipating a bad outcome:
$78,000,000,000 Exits US Banking System in One Week As JPMorgan CEO Issues Alert on Deposit Flight
If you need any cash out of the bank then get it now, just in case:
It’s divitias quoting from the financial world’s equivalent of the National Enquirer of the 80’s!
Yawn. Back to sleep.
Wake me when them big pretty naked gents with polynesian tatoos running all the way up their legs I’ve heard reliable rumors of – you know the BIG boy body building lunatics (whaddya mean you never heard of them?) – when they start their fierce worshipful stomping dance on the moon causing fluctuations in its orbit and so trashing tides on Earth thus disrupting world trade leading to a craze for these purple tinted quartz crystals
or something else that if incredible is at least vaguely interesting.
david fb
(just teasing divitas, but more and more worried about whether you are a troll or simply a man with a deep unbreakable love for paranoid financial fantasies… like my mid 70’s boy friend who thought KNEW big colored quartz must be good for something and went off the deep end trying to use them cure AIDS)
It is summer. The herbs are growing. I saw Basil and thought of pesto. We use Marcella Hazan’s recipe where you can get it half way finished and then freeze it. Take it out of the freezer in the cold months, thaw it, add the finishing touches and have the taste of summer with snow, or cold wet mud, on the ground.
