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Do Not be Detoured by Bankers and Their Friends; Our Future Financial Salvation Lies in the Direction of Basel

The financial crisis revealed substantive problems that need to be solved, especially in the banking sector. This column argues that Basel III, the new accord on international banking, is an overdue step in the right direction. It should be defended against attempts by bankers and their friends to cut it down, dilute it, and postpone [...]
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