“Man’s ingenuity finds no bounds”
‘Despite reform banks have room for risky deals’ in the client’s name. Bets can still be made as routine part of business.
When U.S Congress passed a new financial regulation bill in July, 2010, it sought to prevent federally insured banks from making speculative bets using their own money. But that will not stop banks from making bets, that some critics deem risky, even as the rules go into effect over the next few years.
In other words you move the mountain but what comes out is only a mouse. What a great exercise? Who is winning or losing? The integrity and the intention of the framers of the bill is definitely in doubt; one should suppose and surmise legitimately? In fact they have ensured that even the rules, whenever they come out – delay is obvious in the official set-up normally, will not be able to plug this loop hole. This is what is called the perfect invisible diplomacy of senior and seasoned bureaucrats in any democratic system of government.
‘Despite reform banks have room for risky deals’ in the client’s name. Bets can still be made as routine part of business.
When U.S Congress passed a new financial regulation bill in July, 2010, it sought to prevent federally insured banks from making speculative bets using their own money. But that will not stop banks from making bets, that some critics deem risky, even as the rules go into effect over the next few years.
In other words you move the mountain but what comes out is only a mouse. What a great exercise? Who is winning or losing? The integrity and the intention of the framers of the bill is definitely in doubt; one should suppose and surmise legitimately? In fact they have ensured that even the rules, whenever they come out – delay is obvious in the official set-up normally, will not be able to plug this loop hole. This is what is called the perfect invisible diplomacy of senior and seasoned bureaucrats in any democratic system of government.
No comments:
Post a Comment