Wall Street Breakfast: Must-Know News [View article]
If Congress does not act Big Ben can always blame them for the ultimate meltdown in the I bank structure. This is just gamesmanship. Any "standards" would have to be phased in very slowly and thus have no effect on the current situation. The I banks have so much bad debt they will melt with or without FRB oversight.
Wall Street Breakfast: Must-Know News [View article]