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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?


To: Thomas M. who wrote (1005)4/5/2000 2:18:00 PM
From: Hal Ford  Read Replies (2) | Respond to of 2794
 
I'm glad to see my favorite thread at SI being revived! I read the article in your link and I have a question. If I have this right, the article is saying that the Fed is responsible for the vast credit and debt creation. That is, the Fed has NOT lost control but is serving as an enabler, if you will. The author is not disputing the contention that we have created an enormous bubble which will end badly. He is merely fixing blame at a different source than was proposed in reply 1004. Is that your take? Keep up the good commentary all.



To: Thomas M. who wrote (1005)4/5/2000 2:25:00 PM
From: Thomas M.  Respond to of 2794
 
Some background on the Basel Capital Accord, a set of guidelines for the minimum amount of money banks should hold to protect them against counterparty default:

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