| The bank crisis two years ago was caused by wanton speculation among the nation's largest banks. New regulations this week, called "Basel III" will do nothing to solve this problem, but they WILL put some small banks out of business, reducing competition, rewarding the large banks for their misdeeds. |
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Josh Mitteldorf, de-platformed senior editor at OpEdNews, blogs on aging at http://JoshMitteldorf.ScienceBlog.com. Read how to stay young at http://AgingAdvice.org.
Educated to be an astrophysicist, he has branched out from there (more...)