tag:blogger.com,1999:blog-4777210255040195387.post4799529591381463145..comments2024-03-17T09:15:25.957+00:00Comments on LOL GREECE: THE WORST VERY DECENT COUNTRY IN THE WORLD: A LOLGREECE CHRISTMAS CAROLManoshttp://www.blogger.com/profile/01568922717477813566noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4777210255040195387.post-1946664912055935112012-03-24T22:36:42.245+00:002012-03-24T22:36:42.245+00:00@Per Thank you! I agree completely. I've writt...@Per Thank you! I agree completely. I've written much the same in my professional capacity. Check out pp. 4-5 here: http://www2.accaglobal.com/pubs/general/activities/library/small_business/sb_pubs/pol-af-gtor.pdfManoshttps://www.blogger.com/profile/01568922717477813566noreply@blogger.comtag:blogger.com,1999:blog-4777210255040195387.post-8474910165883111762012-03-20T09:59:24.503+00:002012-03-20T09:59:24.503+00:00Friend you are very close to the truth, so let me ...Friend you are very close to the truth, so let me give you a final push in that direction. The problem has not really a lot to do with whether the risk assessments or perceptions are correct or not… the problem with the Basel capital requirements for banks is the following:<br /><br />Banks and markets already clear for the perceived risks of default contained for instance in the credit ratings, by means of interest rates, amount lend or other terms. So that when the regulators used exactly the same public sources of risk perceptions to also set the capital requirements they doomed the banks to overdose on perceived risk and, as a consequence, we now have banks with dangerously obese exposures to the “not-risky”, like to triple-A rated paper and “infallible” sovereigns, and equally dangerously anorexic bank exposures to what is officially perceived as risky, like to small businesses or entrepreneurs.<br /><br />Who did the Eurozone in? http://bit.ly/t3mQe0Per Kurowskihttps://www.blogger.com/profile/14155373607182051840noreply@blogger.comtag:blogger.com,1999:blog-4777210255040195387.post-22977805363508170692012-01-02T20:31:36.294+00:002012-01-02T20:31:36.294+00:00So the conclusion is that regulation is bad or tha...So the conclusion is that regulation is bad or that it was badly implemented?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4777210255040195387.post-74034174406362048872011-12-26T12:09:50.765+00:002011-12-26T12:09:50.765+00:00Very educational, thanks Mano!Very educational, thanks Mano!Anonymousnoreply@blogger.com