This is the next-to-last links catch-up post. I expect to fully caught up tomorrow when I will resume a normal posting schedule as well.
P.S. – I like this set of links because I think they are important, diverse and unique stories to consider.
News links for 7 Apr 2013
Sheila Bair: Regulators Let Big Banks Look Safer Than They Are - WSJ.com
"as part of the Federal Reserve's recent stress test, the Bank of America reported to the Federal Reserve that its capital ratio is 11.4%. But that was a measure of the bank's common equity as a percentage of the assets it holds as weighted by their risk—which is much less than the value of these assets according to accounting rules. Take out the risk-weighting adjustment, and its capital ratio falls to 7.8%.On average, the three b...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.