2012: Get ready for Basel III

Hugh Hewitt: Tuesday, November 08, 2011
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.

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.

Did the Administration Drive Another Nail Into Its Reelection Coffin This Past Week?" by Clark Judge