Episode 128 – Banks are Under-Capitalized the World Over

Darren gives us a recap of the Keenevention. The US debt ceiling was raised by a vote in the middle of the night… again. Australian banks balk at bitcoin due to criminal dangers. Venezuela wants to sue a website in US courts. Greek banks are under-capitalized. US banks are under-capitalized.

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News

Keenevention Rundown
Debt ceiling deal

http://www.usnews.com/opinion/economic-intelligence/2015/10/28/debt-ceiling-budget-deal-doesnt-have-much-to-like

Australia banks abandon bitcoin

http://www.smh.com.au/it-pro/business-it/bitcoin-flounders-as-regulatory-worries-bite-20151004-gk14ld.html

Venezuela cracking down on black market reporting

http://www.theguardian.com/world/2015/oct/23/venezuela-sues-dolartoday-currency-website-cyberterrorism

Greek Banks in the hole 14bn euros

http://www.theguardian.com/world/2015/oct/31/greece-banks-14bn-survive-economic-downturn

US Banks have new rules that leads to an $120bln shortfall.

http://www.reuters.com/article/2015/10/31/us-fed-capitalrules-idUSKCN0SO2IA20151031

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