/biz/ - Business & Finance

>>56628330
>He’s referring to Basel, Switzerland, the home of the Bank for International Settlements. That’s where a conclave of global technocrats gathers periodically to hash out the ground rules of the international banking system, usually with little fanfare or even notice.
When did Yahoo Finance become /pol/? This is great.

>Several prominent bankers have been vocal opponents, including JPMorgan Chief Executive Officer Jamie Dimon. Goldman Sachs Group Inc. has run print-media advertisements urging those in Washington to “stop the squeeze” of capital that would ripple down to businesses.
>The Washington-based Bank Policy Institute has been running a campaign since early September, too, using slogans like “demand answers on the Fed’s costly new capital rules” and “Good for hedge funds. Bad for working families.”

>"stop the squeeze"
uh oh hedgies
>implying tighter capital requirements are good for hedge funds
nani the fuck