I think Heidi and people understanding money v. debt currency is the biggest risk banks are facing today.
http://www.occ.treas.gov/fr/fedregister/69fr50293.pdf
final rule
http://friends-n-family-research.inf...l_rule_R4C.jpg
Refusal for cause in the federal register
http://www.treas.gov/press/releases/js1894.htm
Departure of John D. Hawke, Jr Comptroller of the Currency
(listen to attachment too)
And of course people aware of how new policies are implemented through the Federal Register...
So I think the Readers might believe me when I tell you that I have never said banks never fail or they never have risks.
Quote:
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Originally Posted by REDCLOUD
The banks has a real risk of loss based upon reserve requirements, set by the FED. If a bank makes loans upon which enough borrows default and the banks reserves drop below the required minimum, the bank fails, just like any business.
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That sounds realistic enough for me. In fact I have been keeping abreast of the alternative to the final rule -
The Basel II Accord.
http://www.federalreserve.gov/boardd...04/default.htm
I just want Readers to understand Bill has not only spun Heidi's inquiry about risk, he has grouped me into the presumed believable spin he applied to Heidi's question.
Regards,
David Merrill.