BASEL DIRECTIVE ON BANK REFORM

Talk about closing the gate after the Horse has bolted.!!!!!

The Banks have two Years to increas liquidity to 2.5 times it"s present rate. Time was when Banks had to retain 11% , a Wife"s were never taken into account and when buying a House the borrower had to put a sizeable Deposit down. The Regulatory bodies allowed all these rules to lapse and the
Banks were allowed to do as they please. The cureent rate of liquidity is 7% and will be increased to 9.5% in two years, meanwhile the innocent will yet
again pay the price for the Banks greed.