Banks get kick in rear which should free up more money for loans and further help world stock markets
Global regulators gave banks four more years and greater flexibility on Sunday to build up cash buffers so they can use some of their reserves to help struggling economies grow.
The pull-back from a draconian earlier draft of new global bank liquidity rule to help prevent another financial crisis went further than banks had expected by allowing them a broader range of eligible assets
No I don't think Fannie Mae and Freddie Mac are public institutions. I don't think Fed Ex is run by the government and I don't think the US Postal Service is owned by the feds. They are private institutions backed by the full faith of the government. Yeah... that's probably a bad idea