Today's Can't Miss

Greece Likely to Default Within Three Years, El-Erian Says

King Says Banks Need More Equity to Avoid Debt `Achilles Heel'

Four Big Banks Should Plan to Bail Out of Europe: Matthew Lynn

It does really have more to do with what is trying to achieve the proposed changes in capital requirements or regulation rules... protect the taxpayer and just the taxpayer of a giant bailout he may not be able to afford or are the proposals common sense offering the stock holder a premium reducing profitability for a safer investment and long term growth?

Most investors have had a partial answer with the latest crisis, hasn't HSBC's management of risks proved the taxpayer's bailout liability is close to zero when long tradition of banking at the highest level in a pro business environment has proved to be very efficient, safe and unrivaled worldwide.

HSBC proved the taxpayer ability to endure shameful bailouts is secondary to outstanding traditional and wise management City based, at the expense of some dreamed extraordinary profits ending in bankrupcy, may be?