Streetwise Professor

May 24, 2011

You’re Kidding, Right?

Filed under: Clearing,Derivatives,Economics,Financial crisis,Politics,Regulation — The Professor @ 8:03 pm

Really?:

Lawmakers in the Parliament voted that clearinghouses should have to hold capital of at least 10 million euros ($14.1 million) to absorb possible losses.

Yeah. That will prevent the next financial crisis.

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3 Comments »

  1. Perhaps they were referring to lawmakers’ losses?

    Comment by Tim Newman — May 25, 2011 @ 1:49 pm

  2. Clowns. Lol.

    Comment by Surya — May 25, 2011 @ 5:12 pm

  3. Thought you’d like this prof. http://www.bbc.co.uk/news/business-13546177

    Comment by Greenwich Tiger — May 26, 2011 @ 5:24 am

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