Bankers Win Again In Basel III

On the Edge Financial Daily: Basel III eases Asia bank capital raising fears. On AP: New banking rules lift global markets‎

Basel III??

Yves had this posting on Naked Capitalism: This is Basel III??

• the reality is that a Basel III world will not look hugely different to the one from which the last crisis sprang.

On ZH: 3 Out Of 3 Analysts Agree: Basel III Will Guarantee Their Bonuses For 9 Years In A Row, As Banks Win Again

Yup THEY won again!