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What The Weak Recovery In Japan Can Teach Us About Re-Igniting The U.S. Economy
Odd Lots
Can Regulators Help With Non Performing Assets?
The Basel regime has been very counterproductive because it's encouraged the asset lending. The international banks, when 2008 the crisis hit, they only had two to 3% equity. So that definitely needs reformings. But of course, there's ways regulators could help. They could just suspend certain rules, certain capital adequacy rules. We don't need to have this problem. It's an artificial problem."
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