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12/05/17 1:30 AM

#439652 RE: FaithfulAndTrue #439650

Agreed. This is completely irrelevant. I don't understand why he would post such a thing...

eltatriton

12/05/17 3:45 AM

#439659 RE: FaithfulAndTrue #439650

Actually, they're both relevant. He's said two different statements not even two months apart. He's flip flopping like a fish. One minute it's no buffer, then it's a small one the next.

These statements aren't just written on a whim and released right after. They're carefully prepared and vetted by numerous people before they're released. For him to say he's not going to implement a capital buffer with zero capital impending, he probably meant it. Now something might've happened between the time this letter was released and the second on in September, but him saying that he wouldn't allow a buffer was definitely something he felt strongly about, and it shows based on his inaction all these years.