Forcing banks to buy government debt

benjamen

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http://www.cnbc.com/id/47633576

"US and European regulators are essentially forcing banks to buy up their own government's debt—a move that could end up making the debt crisis even worse, a Citigroup analysis says.

Regulators are allowing banks to escape counting their country's debt against capital requirements and loosening other rules to create a steady market for government bonds, the study says."

I see no way that this can turn out badly...
:noevil:
 

pmbug

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What a farce.

FedGov: Do not try and resolve the debt. That's impossible. Instead... only try to realize the truth.
Banks: What truth?
FedGov: There is no debt.
Banks: There is no debt?
FedGov: Then you'll see, that it is not the debt that resolves, it is only yourself.
 
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