Repatriierung Ursache für die zaghafte Dollarstabilisierung?

There appears to be confusion over the perception that Basel II is supposed to take effect in the United States on 1st January 2008, which is beside the point. The United States is BUST. Basel II took effect in Europe and elsewhere effective 10.00 a.m. EDT last Saturday, and European banks cannot operate with US banks that are non-compliant. We understand that to shore up the situation, significant volumes of funds are being repatriated 'as we speak' from Dubai, China and elsewhere. The Federal Reserve Basel II document dated 2nd November sent to us by the Fed and referenced below, specifically leaves the date of Basel II implementation BLANK, which implies that arguments continued between the Americans and the Europeans right through November on this point.