Bankers want entire industry to become one giant MF Global

posted by
February 16, 2012
LewRockwell.com
by Bill Sardi  
Posted in Commentary

"US banks cry foul, saying the new Volcker rule will handcuff them, make them less competitive with foreign banks (some which operate in the US), and will result in fewer trades on the stock market which suggests a measured collapse of the markets. The Clearing House Association, representing American banks, says: 'the proposal will severely limit banking entities’ ability to hedge their own risk.' But ultimately the government is underwriting that risk if it continues to offer bailout money, money at low interest rates, etc." (02/16/12)

http://lewrockwell.com/sardi/sardi205.html  

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