Cakes for (dis)Content
Every once in a while I start pondering about the complexities of life. Actually, really I ponder about how we make…
The arguments are fair. When the debtor is another financial institution (which is always the case with large investment banks), in a crisis, the government cannot force the debt-to-equity clause.
Yet, it is doubtful that insisting on a more than 10% capital requirement can be realistic or safe.