“Translation: The rules will require banks to purchase more government securities, rather than make loans to the private sector. The nudge is in.  In a May 1 report,Treasury Borrowing Advisory Committee said  banks, over time, will need to buy as much as $5.7 trillion in ‘safe’ assets including government bonds by 2020 to comply with the 2010 Dodd-Frank Act in the U.S., and capital standards set by the Bank for International Settlements in Basel, Switzerland.”

http://www.economicpolicyjournal.com/2013/07/the-nudge-that-will-force-banks-to-put.html

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy