Why did Basel II fail?

Related questions

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4. What is Basel model?
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6. What are the Basel 3 requirements?
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Tags

1. #capital
2. #among
3. #became
4. #purses
5. #underestimated
6. #lenders
7. #their
8. #losses
9. #caused
10. #things
11. #crisis
12. #basel
13. #banks
14. #committee
15. #others
16. #potentially
17. #tight
18. #exposure
19. #clear
20. #failure
21. #assets
22. #exceeded
23. #financial