You can recapitalize banks with the sturm und drang of a legislated bailout, or you can try something that doesn't involve Congress at all. The Fed shows us how it is done today with this rejiggering of interest rates designed to increase the amount of capital that banks may loan out.
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1. Posted by Paul on November 6, 2008 @ 21:59 | Permalink
While the big bailouts get all the press, I wonder how much more is the regulatory structure changing with these little changes.
It would seem that there could be a whole different set of regulations in 6 months with no discussion about it at all due to all these small changes.
Yet another thing to ponder in this silly season.
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