Sir, you could benefit from a class on finance in the kindergarten

Sir with reference to “Basel should stand firm on capital” September 10 you evidence you still cannot understand the real problem with the current capital requirements for the banks established by the Basel Committee. The reason why these have caused so much problem is not really their level but the fact that they arbitrarily discriminate in favor of lower perceived risk, ignoring the fact that never ever has there been a bank or a financial crisis derived from where risks were perceived as high, they have all originated where risks were perceived as low… as only these can grow into having any systemic significance

In case you have an interest in learning the truth about the financial crisis may I suggest a kindergartenish lesson? http://bit.ly/c66DLp