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" Despite all their bravado, and the vast army of fixers and bagmen they&amp;#039;ve engaged to fight against any meaningful reform, the folks on Wall Street, the sweethearts who stole most of the world economy and then wrecked what was left, are still running scared. A consensus seems to be building -- from Sherrod Brown on the left to David Vitter on the right, and throughout the regulatory bureaucracy -- that the government went about as far as it could in enabling thieves, and that too big to fail is too big to exist. The latest shot came from regulators who cut through a great deal of obfuscatory bullshit and told the banks to get real about capitalization The agencies&amp;#039; move is part of their continuing efforts to strengthen the financial system and prevent situations where taxpayer-financed bailouts might be required. The latest regulations focus squarely on capital, the financial cushion that banks have to hold to absorb potential losses. In theory, a bank with higher levels of capital is more likely to weather shocks and less likely to need government aid in a crisis. The proposed rules would raise a crucial requirement for capital held by the largest banks ... The agencies&amp;#039; latest push could meet fierce resistance, however. As outlined, the new capital requirements could be costly for the largest banks, which have 60 days to comment on the rules. The F.D.I.C. estimated that the country&amp;#039;s eight biggest banks would have to find as much as $89 billion to comply with the proposed rules. An analysis of JPMorgan Chase&amp;#039;s books suggested that it might have to bolster its capital position by $50 billion, a number the bank declined to verify. The added burden for the big banks unnerves some in the industry. Oh, just bite me. If JP Morgan wants to bury its gambling debts on derivatives in its subsidiary banks, let it make sure there&amp;#039;s enough dough there to cover the markers when they come due. What they&amp;#039;re really afraid of is that the entire political structure may slip far enough out of their control to make them stop stealing other people&amp;#039;s money to pump into their rigged casino. Heads we win-tails we steal is no way to run a national economy. "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.esquire.com/news-politics/politics/a18993/more-regulation-on-bank-capital-rules-071013/?click=news>