
Peter Zeihan: Why Do the Democrats Keep Losing Ground?
The future of the Democratic Party in the US isn’t looking too bright. When strategy and targeting don’t change for over half a century, I…
Thought Leader: Peter Zeihan
By Sheila Bair (original source Financial Times)
“Irish dramatist George Bernard Shaw once opined that to know nothing and think you know everything points to a political career. Members of the US Congress wandering into the complicated subject of bank capital must have taken his advice. Few things are more complex than rules designed to constrain excessive borrowing by large “systemic” financial institutions. There are “leverage ratios” — relatively simple metrics that require a bank to hold a minimum amount of equity relative to total assets — and “risk-weighted ratios” that specify equity minimums based on the perceived riskiness of a bank’s holdings.
US politicians, with some help from regulators, are trying to weaken these rules, setting a dangerous global precedent. Both Republicans and Democrats supported legislation giving the three largest US custody banks an average of a 20 per cent reduction to their leverage ratios.”
Click here to read more
Peter Zeihan: Why Do the Democrats Keep Losing Ground?
The future of the Democratic Party in the US isn’t looking too bright. When strategy and targeting don’t change for over half a century, I…
Thought Leader: Peter Zeihan
Peter Goodman: His Start-Up May Not Survive Trump’s Tariffs
A sourdough baker turned entrepreneur in North Carolina has delayed his new product as he contemplates the prospect that higher costs will doom his company.…
Thought Leader: Peter Goodman
Patrick McGee: Is Tim Cook the Right or Risky Choice for Apple?
Deepwater’s Gene Munster and author of ‘Apple in China’ Patrick McGee, join ‘The Exchange’ to discuss whether Apple needs a new CEO and what needs…
Thought Leader: Patrick McGee