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CatBirdSeat

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CatBirdSeat

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Thursday, 05/21/2020 7:31:49 AM

Thursday, May 21, 2020 7:31:49 AM

Post# of 795035
FNMA LAUNCH, FNMA GOLD!

FHFA DEFINES COMMON STOCK TIER 1 CAPITAL, OMG!

https://www.fhfa.gov/Media/PublicAffairs/PublicAffairsDocuments/Re-proposed-Rule-on-Enterprise-Capital-5202020.pdf

GOLD IS TIER 1 CAPITAL, SO IS FNMA & FMCC COMMON STOCK!

As of last April 1, Gold’s status as a Tier 1 asset has been restored. The new Basel III rules once again make gold a Tier 1 asset for commercial banks - compared to the Tier 3 ranking it held before. This means PHYSICAL gold will count as capital the same as a treasury bond. 189 banks follow the rules established by the BIS. https://myemail.constantcontact.com/Basel-III-Rules-Once-Again-Make-GOLD-a-Tier-1-Asset.html?soid=1101357242253&aid=hhrrI7IWZJM
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