Sounds like the 3rd installment of some sort of film series to me. Something involving a secret society of worldwide "movers & shakers" trying to run the world - no doubt to their almost exclusive benefit. Maybe some manner of action hero thwarts the nefarious scheme by shooting the bejeezus out of a bunch of people & blowing some stuff to kingdom come...
I've seen a TV commercial mentioning it a number of times, and finally paid enough attention to get the gist that bankers did not want whatever this was to happen. Sounded more like the aforementioned hypothetical movie plot than ever, so I finally looked it up. Here's just one article about it.
https://www.brookings.edu/articles/what-is-bank-capital-what-is-the-basel-iii-endgame/?fbclid=IwAR3VjNKHX7tOFQUlG1pHE35Wwh-wGe11S38oVcGaZIah1xgRbS7cvcMuG1o
Evidently the idea is to force banks to keep more capital on hand as a hedge against failure. Especially large banks. Seems to me at first glance like a good idea to help insure that the people gambling with the world economy have the funds on hand to pay up if/when they finally roll snake eyes.
I'm no economist, though. More likely just reacting in knee-jerk fashion because a bunch of rich fat cats don't like the idea.
Anybody else think well - or ill - of this plan ?
I've seen a TV commercial mentioning it a number of times, and finally paid enough attention to get the gist that bankers did not want whatever this was to happen. Sounded more like the aforementioned hypothetical movie plot than ever, so I finally looked it up. Here's just one article about it.
https://www.brookings.edu/articles/what-is-bank-capital-what-is-the-basel-iii-endgame/?fbclid=IwAR3VjNKHX7tOFQUlG1pHE35Wwh-wGe11S38oVcGaZIah1xgRbS7cvcMuG1o
Evidently the idea is to force banks to keep more capital on hand as a hedge against failure. Especially large banks. Seems to me at first glance like a good idea to help insure that the people gambling with the world economy have the funds on hand to pay up if/when they finally roll snake eyes.
I'm no economist, though. More likely just reacting in knee-jerk fashion because a bunch of rich fat cats don't like the idea.
Anybody else think well - or ill - of this plan ?