• Posted By RalphMusgrave
    Monday, August 07 2017 at 3:31 PM
    Milton Friedman and other Nobel laureate economists argued that no leverage should be allowed at all: i.e. loans made by banks should be funded ENTIRELY by equity. As he pointed out, ANY leverage enables private banks to print or "create" money, and quite why we allow private banks to print some of the money they lend out is a mystery. There is no more excuse for that then letting people with printing presses turn out their own $100 bills.
  • Posted By commobanker
    Monday, August 07 2017 at 3:07 PM
    Excellent analysis from Paul Kupiec on the need for SLR and why SLR regulations promulgated in 2014 should remain in place. It seems that Wall Street and their trade groups have already forgotten (or don't want to remember) what triggered the worst financial calamity since the Great Depression - excessive LEVERAGE!! And now they want to go down that road again?? Sorry, been there - not pretty!