Quote:
Originally Posted by Cowboy89
Dodd-Frank
Basel III
It's not like the banks were bailed out and then 'kept on keeping on' after 2008. And also it's not like all these stupid hippies were the first ones to think about these issues, they're three years late to the party.
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retroactive legislation? not sure why this is being cited, as wall street is fighting tooth and nail against Dodd-Frank as we speak...and having 4.5 reserve liquidity isn't too much to ask for...canadian banks sit on a minimum 8%
the fact of the matter is the "stupid hippies" were probably the last ones to think about this...they are too low on the food chain to understand the repercussions of legislation during the time it is under debate or the period after it has passed.