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

riberet19

When I read it I thought of @carlosfandango

siggy47

> 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'. 

Coinsreporter

grayruby

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

BitcoinIsTheFuture

econ

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