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The new Basel III rules could force banks, especially European ones, to raise more funds, but...

The new Basel III rules could force banks, especially European ones, to raise more funds, but tighter capital expectations have largely been priced in to bank stocks already and the long window for full compliance is boosting shares premarket: C +0.9%, BAC +1.85%, WFC +0.9%, DB +3%, UBS +2.1%, RBS +3.15%, ING +2.5%, STD +2.4%, CS +3%, BCS +1.8%, LYG +3%.
Comments (1)
  • balois
    , contributor
    Comments (167) | Send Message
     
    And where is Basel for Central Banks? The Fed, for instance?
    www.federalreserve.gov.../

     

    „...FEDERAL RESERVE statistical release September 9, 2010

     

    Mortgage-backed securities (4) 1,103,168 (note: Million)

     

    4. G u a r a n t e e d by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages...“

     

    Is anybody reading this stuff? Understanding it? Mark it to commonsense? The Fed, the proud owner of 1,1 Trillion mortgage backed securities, marked-to-„current face value“? More like a clapped out hedge-fund, posing as a Central Bank, relying on „guarantees“ from insolvent, nationalized Zombies.

     

    Maybe the DEA should get oversight for the Fed.

     

    Have a nice day
    13 Sep 2010, 10:10 AM Reply Like
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