US banks are told to be prepared for 30-day crisis

Could this be Bernanke’s final ax to our final system as we know it today?

The US plan, most stringent for the biggest banks, is looking at implementation by 2017 – two years ahead of Basel’s deadline. “The proposed rule would, for the first time in the United States, put in place a quantitative liquidity requirement that would foster a more resilient and safer financial system,” Fed chairman Ben Bernanke said before the vote.

US banks are told to be prepared for 30-day crisis.

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