Saw a piece over at Financial Times. You know the pinkish paper that has a pretty good rep for business stuff.
It seems that while many of us are still clueless of the workings of higher finance there is something brewing that might very well give us all a hell of a lesson.
All the folks desiring banks to pony up equity as to avoid future calamities have a bill for the banks. It is over a trillion dollars. It is thought that the way to get the money is helped via assessing penalties on the institutions.
They don’t have the money folks and any attempt to make them find it will crush them, and then us.