[devane617]

If you want your blood to run cold, take a look at the article on bloomberg about how the rules are being....”adapted” with regard to capital reserves for the banks right now so they can continue to keep massive losses from MBS, CDOs off the balance sheets.

[bruinbirdman]

"how the rules are being....”adapted” with regard to capital reserves for the banks right now "

URL?

Basel II was last November, no? To be tweaked down the line. Is there a recent tweak?

"Four major US banks are reported to be deeply unhappy with new Basel II regulations and have voiced their concerns to the White House, according to reports.">

yitbos