Is communism being infiltrated through financial regulations?

Reader comment on: 'Inflating a Sovereign Debt Bubble'

Submitted by Per Kurowski (United States), Dec 4, 2009 09:00

José Maria Brãndao de Brito refers to how "the Committee of European Banking Supervisors, aim to raise the quantity and quality of liquidity buffers by forcing banks to hold significant amounts of 'high quality' government bonds".

If we add to that the fact that the current Basel regulations permits banks to lend to the government with a zero percent capital requirement, compared to 8 percent when lending to an ordinary citizen, there are reason to suspect that some are trying to smuggle in communism through financial regulations.

Are they building a new wall? With governments and their special triple-A rated comrades on one side of it, and all the rest of us the rabble or Pöbel on the other?


Note: Comments are moderated by the editor and are subject to editing.

Comment on this item

Mark my comment as a response to Is communism being infiltrated through financial regulations? by Per Kurowski

Email me if someone replies to my comment

Note: Comments are moderated by the editor and are subject to editing.