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Here's Part 2 of Lavish explanation of ISDA letter and how it relates to Basel III.

If they step out of line, like John Cleese, they'll be summoned, "Basil!"

I suspect even after the endgame, we'll have no option but to call - 'once there was was a world full of Basils'.

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When I read it I thought of @carlosfandango

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Fawlty Towers fan

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A very simple explanation about Basel, they create crises and self-regulate so as not to provoke more crises, it's a joke, they use the system as a casino

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Very informative. Thanks for sharing.

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Wow this is deep, thanks for sharing really makes you think!

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