The Basel III Capital Directive,
A liquidity crisis corrective,
Gives eight years for compliance
To banks and their clients
'Til new rules are fully effective.
The Directive has caused a commotion
'mongst the banks on both sides of the ocean;
In percentage it leavens
From four up to seven
The equity capital quotient.
The minimum equity score,
Now seven percent 'stead of four,
Will, the bankers all fear,
Make interest rates dear
When comparing with rates heretofore.
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Though intended to thwart something scandalous - That those who have millions on hand do less - The AMT's hardest On households more ...
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Thomas Hoenig, the hawkish Fed governor, Says: "The Dollar has way too much dove in 'er; With a null target rate, I doubt we...
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A limerick's hard to complete/In the space of a typical tweet/Haiku, it is true/Are simpler to do/But not a remarkable feat. #NYCpoetweet— Dr. Goose (@DrGooseEcon) April 6, 2012