E-cigarettes save lives, money

E-cigarettes save lives, money

"We know that cigarettes have thousands of chemicals in them and we know that they are killing us. They have been for over a hundred years. So now, the e-cig industry comes along with only one or two chemicals in their mixture and people are freaking out over these as well. Whe

Read More

US inches closer to big bank charges

US inches closer to big bank charges

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades. In doing so, prosecutors are confronting

Read More

Canada’s home sales top predictions; why a real estate crash is inevitable

Canada’s home sales top predictions; why a real estate crash is inevitable

“The assurance of relatively low borrowing costs has likely given home buyers confidence while rising home values have kept new listings at a healthy level. Stable employment has provided some assurance to owners and buyers alike.” Our website is back after many months of

Read More

Comparing today’s recession/depression to the 1980 recession

Comparing today's recession/depression to the 1980 recession

"Much like today, Americans were concerned not only with high unemployment but increasing budget deficits in the early 1980s. A September 1983 Gallup poll found that three-fourths of the public agreed that the federal government's budget deficit was a great threat (42%) or some

Read More

Why savers are getting screwed

Why savers are getting screwed

"Without the intervention of economic policymakers, interest rates would be naturally higher. That would increase the cost of borrowing for businesses and consumers, but there would be some offsetting economic benefits. Savers are getting screwed by the current monetary policy

Read More

Geithner admits USA bankrupt to US Senate

Geithner admits USA bankrupt to US Senate

"Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and all American businesses

Read More

Real reason for electricity blackouts hitting southern US

Real reason for electricity blackouts hitting southern US

“Large oil companies have for a decade artificially shorted the gasoline market to drive up prices,” said FTCR president Jamie Court. “Oil companies know they can make more money by making less gasoline.” The following article was written by Paul Joseph Watson. He is t

Read More

World economies on verge of currency revaluations to deal with debt

World economies on verge of currency revaluations to deal with debt

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford Basically what the world central banks are doing is increasing their money by devaluin

Read More

Is Obama the next Mugabe of Zimbabwe?

Is Obama the next Mugabe of Zimbabwe?

"America, Britain, Japan, Germany, France, Sweden, Holland, Norway, Canada and Australia make up the Fishmongers Group and their meeting on Tuesday will deliberate on the state of the inclusive government, debt relief, public finance administration and the controversial economi

Read More

US raiding foreign countries with dollars, not soldiers

US raiding foreign countries with dollars, not soldiers

""The United States is going to China and saying: we want you to commit economic suicide, just like Japan did. We want you to follow the same thing: we want you to revalue your currency, we want you to squeeze your companies, we want you to go bankrupt,” says Michael Hudson,

Read More

FDIC wants your retirement cash to save banks: Bloomberg

FDIC wants your retirement cash to save banks: Bloomberg

“The FDIC is constantly looking at structures where we can get the greatest opportunity to tap into capital that we have not had the success reaching through previous disposition methods,” FDIC spokeswoman Michele Heller said in an e-mailed statement. “We welcome and work

Read More

Canadian government admits recovery never happened

Canadian government admits recovery never happened

“Not only did their stimulus fail to create the jobs of tomorrow, it also failed to protect the jobs of today,” Scott Brison, the opposition Liberal Party’s spokesman for finance issues, said by telephone. "Most of us were shaking our heads in disbelief early last year w

Read More

Content By: The Coming Depression Editorial Staff (dates cited below)
Copyright: include link to this article on top of reproduction if you use it.
Bookmark and Share
(No Ratings Yet)
Loading ... Loading ...

bank of international settlements

“The new international rules “will allow market participants to assess the quality of a bank’s compensation practices and the incentives towards risk-taking they support,” said Fernando Vargas.”

It’s not the added regulation, it’s the fact that all these banks got bailout using tax payers money that should be the focus. If government did not bail them out, things would revert to mean by now. When will government learn? Get rid of those lobby groups and downsize all these government agencies. The key is that they don’t intend to “learn,” and they intend to keep siphoning funny money from the public purse to private central bankers while fooling you, the peons, that the answer is more regulations. Pure genius.

The other thing we should focus on right now is how much all these so called developed countries will be borrowing in 2011 just to pay interest. Indeed, what a mess we are in after letting central banks run a compounded 2 percent inflation per year. After over 30 years, we now have inflated prices of over 60 percent!

We can read that we are to be left with the impression that the BIS is taking the bull by the horns and wrestling the rampaging bankers bonus excesses to the ground. The only problem is that the BIS can not impose any resolutions, only make “proposals”. As such, it is “neutered”.

All this talk of curbing bonuses is a distraction anyways. It is only meant to placate the people while the real scam continues unabated. As long as the debt as money ponzi scheme being run by the private central banks is allowed to persist, we will suffer the consequences.

New global banking rules proposed on bankers’ pay source (1)

New banking rules are being proposed by an influential global regulatory panel that would give investors a better idea of when CEOs and other high-paid executives get bonuses even when their companies are lagging.

The panel affiliated with the Bank for International Settlements in Basel said its proposal Monday would require banks to reveal whether a bonus is linked to a firm’s performance and to provide other details aimed at preventing lenders from hiding irresponsible risks.

The new international rules “will allow market participants to assess the quality of a bank’s compensation practices and the incentives towards risk-taking they support,” said Fernando Vargas, chairman of the Basel Committee on Banking Supervision’s task force on remuneration and an associate director-general at the Bank of Spain.

Vargas said his panel’s proposal also would promote “greater convergence and consistency of disclosure on remuneration” by requiring lenders to publicly provide details of their risks and capitalization.

Some bankers have expressed skepticism of having to go beyond what regulators already require, but the Basel committee said its latest proposal would “add greater specificity” to previous guidance on how much banks should have to disclose publicly.

It also said it recognized that the proposal may not be relevant to all banks, particularly those not big enough to have a remuneration committee.

The Swiss-based Bank for International Settlements, an intragovernmental organization of central banks, recently has been setting more stringent rules intended to boost banking and lending fitness over the long haul.

Where do banks get credit from? it used to be that someone lent a bank their savings representing real production in the form of money. Entrepreneurs would go to a bank and borrow these savings and the bank would win a percent on the spread. The lender would see his lack of consumption and hard work turned into profits as an interest return on his lending.The business would grow because of this capitalization and would employ more people making things that people needed. Bank wins, company wins,worker wins,consumer wins,country’s GDP grows, society gets wealthier.

Now it’s completely different as government prints money, gives it to the bank to lend out to business and consumers. Wait a second. We know that a bank is a business and they have a basically limitless supply of credit to supply the economy. Might it be now not in their interest to lend, or lend now to the wrong people who are not producing — gambling essentially — call it deposit insurance[Moral hazard]. Do you or can we make now a distinction between how it should work and the way the western world is now in a perpetual state of bubbles that never unwind and failure and gambling are making bankers rich?

Reference:

1. New global banking rules proposed on bankers’ pay

Related posts:

  1. Iceland throws out international bankers over Icesave bankruptcy“These were private banks and we didn’t pump money into them in order to keep them going; the state did not shoulder the responsibility of the failed private banks,” Iceland...
  2. IMF global bank tax would encourage risk“The International Monetary Fund (IMF) has proposed new taxes on financial institutions to cover the costs of future potential bailouts, leaked documents show.” According to the IMF proposals circulated to...
  3. Jail the Banksters – Libya Lies – Sunday update – James Corbett“(CorbettReport) – April 17th, 2011 – The mainstream finally gets around to asking why no banksters have been jailed for the 2008 meltdown; the G20 moves on its aim of...
  4. Canada, USA reject UK global tax proposal‘It cannot be acceptable that the benefits of success in [the banking] sector are reaped by the few, but the costs of its failure are borne by all of us.’...
  5. Canadian banking haven myth exposed“One of the reasons that Canadians (and international commentators, other finance ministers and global financial institutions) buy this Canadian banking fairy tale is the way the government accounts for the...
  6. Central banking, oil interests real reason for Libya invasion“This suggests we have a bit more than a ragtag bunch of rebels running around and that there are some pretty sophisticated influences. “I have never before heard of a...

This entry was posted on Monday, December 27th, 2010 at 11:56 pm and is filed under Bankruptcy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1 Comment

  1. December 28, 2010 @ 12:45 am


    damn bankers are gonna get killed

    Posted by Dave

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.


Under the 'fair use' rule of copyright law, an author may make limited use of another author's work without asking permission. Fair use is based on the belief that the public is entitled to freely use portions of copyrighted materials for purposes of commentary and criticism. The fair use privilege is perhaps the most significant limitation on a copyright owner's exclusive rights. "