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Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 30 January 2012 [View all]Demeter
(85,373 posts)32. TODAY'S HUMOR: Banks warn rule change will hurt recovery
US banks fear that any recovery in the US housing market will be further delayed as a result of moves to remove credit ratings from American regulations, which will boost banks capital requirements by billions of dollars.
Bankers have until Friday to respond to a proposal by the Federal Reserve and other regulators that would increase the risk weights on securitised assets, driving up sharply the equity capital that banks are forced to set against them.
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http://link.ft.com/r/BLH300/PF0MMC/SUO9T/AMYDZP/ORO10S/HK/t?a1=2012&a2=1&a3=29
1) THERE IS NO RECOVERY
2) THERE WON'T BE UNLESS THE BANKS ARE PROSECUTED
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