The thinking seems to be that there was no moral hazard for banks who were bailed out so why should there be any moral hazard for borrowers from those same banks. Ultimate revenge - There seems to be a growing movement among American taxpayers who are in over their heads with housing and other debts to simply walk away from their debts and force the pain back on the banks. Second, banks will soon have a VERY big equity hole! Haven't seen any analysis of how the new Basel bank capital calculations would affect US bank regulatory capital, but if Credit Suisse's back of an envelope calculation is right for Eurobanks (they will need EUR 1.1 Trillion of extra capital of one sort or another), then a crude read-across is that American banks need another US$400Bn of capital, of one sort or another.ģ. Now, the conspiracy theorist interpretation of this is that Citi or US Treasury got a whiff of the Basel III rulings, tried to get a sale away, (before investors realised that if they bought in they'd be diluted yet again as some point by the fundraising required when the DTAs get binned), and then got snubbed by equally well informed investors on Weds. Thursday: Basel II bins deferred tax assets as regulatory capital, so Citi face the prospect of raising another US$40Bn in addition to the shares they didn't sell on Monday. Richard Smith, a capital markets and IT consultant, has a few thoughts at Naked Capitalism. 'Bugger we've been Basled' - The impact of the Basle III changes to regulatory capital requirements earlier this week and Citigroup's failed capital raising is finally dawning on a few people. Hillary points out that once the rights issue costs are taken into account South Canterbury made a NZ$3.92 million loss. A small profit? - David Hillary at Lost Soul fisks a claim by South Canterbury Finance that it made a profit on the shares it sold in PGC. I'll be back on January 18 with my first Top at. I welcome your additions and comments below. See the full version of the magic calculator.ĭownload this overview of the magic calculator.Here are my Top 10 links from around the Internet at 10am. The magic calculator works well for Rwanda because of low consumption of each product each month per CHW if the quantities were very high there would be many rows and columns which would make the tool much more cumbersome. The CHW already has 3 tests, so he/she requires 5 additional RDTs to be adequately stocked. Because the CHW’s monthly consumption was 4 tests and we want to ensure he/she has two month’s stock on hand, based on the past month’s consumption level, the CHW needs to have 8 tests. This is the resupply quantity for the CHW this month. The quantity in the point of intersection is 5.
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