- Joined
- Dec 26, 2003
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- 9,353
http://www.bbc.co.uk/news/business-20928354
Bloody hilarious - instead of having to hold lots of cash the banks just need enough residential mortgages - despite the fact that these are useless if there's a run on the bank.
Its a big pat on the back and paves the way for a return to the bad old days where they chase any short term profits and we end up baling them out again when it goes to shit.
Bloody hilarious - instead of having to hold lots of cash the banks just need enough residential mortgages - despite the fact that these are useless if there's a run on the bank.
Its a big pat on the back and paves the way for a return to the bad old days where they chase any short term profits and we end up baling them out again when it goes to shit.