U.S. Senate hearing urges quicker commodity limits on banks

Comments (2)
bobz wrote:

Why did the Fed give Goldman Sachs and Morgan Stanley the right to hold physical commodities? Who ran the Fed at the time and why did they allow this? There are many questions that need to be addressed. This American citizen is fed up with our government’s abating mentality of the too big to fail banks at the cost of the average taxpayer. IT MUST STOP ASAP. We have created two classes of people in this country and it looks like we have no one to blame but our federal government. Our elected leaders have let us down over and over.

Jan 15, 2014 2:57am EST  --  Report as abuse
AlkalineState wrote:

Banking is banking. You make a loan, you collect interest on that loan. Simple. Proven.

Trading is everything else.

Mix the two, and you’ve got Swiss Vegas.

Jan 15, 2014 1:00pm EST  --  Report as abuse
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