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Basel 2 was imagined to be an accord that raised capital necessities, and that will sooner or later still occur. But in 1998, below the nose of the BIS, the Basel 2 accord allowed low capital requirements together with the fraudulent off balance sheet banking. This fraud continued after Enron was destroyed by off steadiness sheet accounting, but the bankers acquired bonuses for it! The energy is on … Read more

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In the in the meantime one other issue about cash that was stolen by the previous Apartheid Government is busy growing into a disaster, … Read more