someone familiar with Basel II comment on this article

[QUESTINY]

Originally Posted by Zarathustra

Q,

If I understand you correctly, the 700 billion would prevent and international "outing" of the criminal banking by making them compliant. That does make sense, though why wait till the last minute? Of course they had to create the crisis "to be managed" in order to pull it off. I think there is something to this. It might also explain why the Fed lent out so much money the day after the vote failed.

They didn't want to write the check. They wanted us to write the check. They waited to the last minute to see if it would actually go through. They wanted to see if the biggest bank heist in history would work. It didn't so they ponied up the cash to meet the deadline while trying to get still get reimbursed back from the the people...crazy theory huh?