Bank bosses innocent

[snaw]

Do piedophiles blame blame having had pies shoved down their jeans?

By greedy bankers?

Yes, it's possible - and as plausible an excuse ...

BTW I see what you did there - piedophiles, took me a few minutes

[Bagpuss]

Not sure where the stuttering comes in though

[Cyberman]

And why did they have liquidity problems? If they had adhered to the Basel accords we wouldn't be in this mess.

You're a bit thick aren't you bagpuss?

Every bank has had liquidity problems, because moneymarkets dried up. The Basel accords would make no difference at all.

[zeitghost]

For a Cyberman, you are quite a dainty little buttercup, aren't you?

It's a bug in the os from the last upgrade from V2.0000000001 to V2.0000000002.

[zeitghost]

You're a bit thick aren't you bagpuss?

Every bank has had liquidity problems, because moneymarkets dried up. The Basel accords would make no difference at all.

"Basil!"

"Yes, my little Piranha fish?"

[Bagpuss]

You're a bit thick aren't you bagpuss?

Every bank has had liquidity problems, because moneymarkets dried up. The Basel accords would make no difference at all.

The Basel accords define how much you should lend based on deposits. NR lent far in excess of that and were heavily reliant on the money markets, much more so than other banks. The money markets dried up, but they needed emergency funding from the lender of last resort due to their own stupidity. Lending in the manner they did led to their own downfall i.e. loss of public confidence. Do you not understand that the banks in trouble are those who have been ignoring well established/prudent banking business practice?

[Churchill]

The Basel accords define how much you should lend based on deposits. NR lent far in excess of that and were heavily reliant on the money markets, much more so than other banks. The money markets dried up, but they needed emergency funding from the lender of last resort due to their own stupidity. Lending in the manner they did led to their own downfall i.e. loss of public confidence. Do you not understand that the banks in trouble are those who have been ignoring well established/prudent banking business practice?

Where did Bradford & Bingley f**k up then?

[BrilloPad]

Where did Bradford & Bingley f**k up then?

They bought a bowler originally worn by Laurel. Or was it Hardy?

Anyway - that started the chain reaction...

HTH

[rootsnall]

Where did Bradford & Bingley f**k up then?

BTL.

A mate who worked for them at the time told me 2 or 3 years ago they would go under pretty quickly once the property market turned. Makes you wonder why the people supposedly in charge didn't know this

[Moscow Mule]

The Basel accords define how much you should lend based on deposits. NR lent far in excess of that and were heavily reliant on the money markets, much more so than other banks. The money markets dried up, but they needed emergency funding from the lender of last resort due to their own stupidity. Lending in the manner they did led to their own downfall i.e. loss of public confidence. Do you not understand that the banks in trouble are those who have been ignoring well established/prudent banking business practice?

Basel I (roughly) says you should have a minimum Capital Ratio of 8%. Basel II only applies to banks operating internationally (I'm not sure this applies to NR). I doubt that NR were outside the minimum 8% and they still got ****ed over.

So, increasing Capital Ratios is the answer, but sticking to the letter of Basle isn't.

6.5/10.