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Old 10-01-2008, 12:21 AM   #12
QUESTINY
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Location: Nebraska
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Default Re: someone familiar with Basel II comment on this article

Quote:
Originally Posted by Zarathustra View Post
Q,

correct or not I don't know, but crazy, I don't think so. It makes too much sense. They can hide crime domestically, but Basel II would require transparency to banks around the world. I think the specific purpose of their "panic" is certainly related.
This might be why LEAP 2020 stated in February that a US and global collapse would happen around September. They knew of Basel II then. They also knew it would be impossible for the US to comply with the derivatives mess. This is an intentional take down.
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