Did the Administration Drive Another Nail Into Its Reelection Coffin This Past Week?
At the G20 meeting on the French Riviera last week, the president agreed to begin implementing a set of international banking rules that could well send the United States in a renewed downward spiral between May and August 2012.Did the Administration Drive Another Nail Into Its Reelection Coffin This Past Week?" by Clark Judge
The rules are called Basel III. They require that banks increase their ratio of capital to loans. In effect this means that banks must do less lending.
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