The Basel Banking Committee installed new rules for the int'l banking community that drew a mostly positive response from the market and the financial world. One element is that banks have to bump up their equity capital reserves from 2% to 4.5%. It all sounds good, but because the German banks (and their deep ties t...o Greece and Spain) are such a mess, the deadline to meet the new reserves isn't until 2019! Sheesh...let's hope for no more meltdowns in 9 years...

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