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Basel for All; Helicopter Shortage; FHA's Predictable Debacle

Receiving Wide Coverage ...

Capital Punishment: "Shocked" is what bankers were on Thursday by a decision to force even the smallest lenders to comply with elaborate Basel III bank-capital standards. That was the Wall Street Journal's take, anyway. Our own view is that among close followers of the banking world, the Federal Reserve's decision to apply international capital standards to all 7,300 U.S. banks was about as shocking as finding gambling going on in a casino.…

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