IMF urges tough line against largest banks

[Ghost Dog]

Source: Agence France Presse

14 April 2010 - 00H33 AFP - The IMF took a tough line against the globe's biggest financial firms Tuesday, advising its members to eliminate the risks they pose to the system after the worst financial crisis in a generation.

In report which comes as key members of the International Monetary Fund ponder tougher financial rules for "too-big-to-fail" institutions, the fund said current proposals do not go far enough to prevent a repeat of the crisis.

...

It is necessary to consider, according to the fund "instituting systemic-risk based capital surcharges, applying levies that are related to an institution's contribution to systemic risk or, perhaps, even limiting the size of certain business activities."

Read more: http://www.france24.com/en/20100414-imf-urges-tough-line-against-largest-banks

[aquart]

1. Cut out their guts and tie them in attractive bows.

[Demeter]

2. After Yesterday's Revelations, They Should All Be Shut Down as Criminal Enterprises

[dipsydoodle]

3. See this post for a sensible solution

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x8140344

Mkae them have sufficient reserves to cover their antics.

[xchrom]

4. Imagine the IMF critisizing the big banks?

A snow ball is breathing a sigh of relief in Hell --
and the gods of irony can't quite believe themselves.

[DCKit]

5. As long as they don't want to "give" U.S. a loan, we should be ecstatic.

The reaper has not come... yet.