someone familiar with Basel II comment on this article

[QUESTINY]

Originally Posted by Zarathustra

"Summary: the panic of Paulson, Bernanke, Bush, Cheney is because their crimes are close to being exposed. Those congressmen who have been bribed to ignore these crimes are also in a panic."

Steve,

What I don't yet understand, and perhaps I'm overlooking the obvious, is how this bailout package will help to hide such crimes. Any thoughts?

The bailout money could go on the books to shore up the minimum level to appear like the banks are trying to comply with Basel II.

A trade of bad paper for cash would meet the minimum requirement test. Also, eat up the smaller banks, put their deposits on the books to show more assets.