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Wall Street banks should be forced to give up their trading operations, says the FDIC's Thomas...

Wall Street banks should be forced to give up their trading operations, says the FDIC's Thomas Hoenig, with broker-dealer activities cleaved off from banks. Hoenig says TBTF firms have "little capacity to manage [their companies] systematically over time" and regulators are ill-equipped to supervise them. (see also: prop trading, regulatory fail)
Comments (1)
  • Poor Texan
    , contributor
    Comments (3533) | Send Message
     
    Hear, hear.
    14 May 2012, 10:54 AM Reply Like
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