The Volcker Rule is supposed to ban banks from making hazardous and speculative trades.
But the big banks are begging for the chance to make the same kind of moves that got us into the 2008 global credit crisis, one of the worst in the modern world.
By Shah Gilani, Chief Investment Strategist, Money Morning • @ShahGilani_TW -
The Volcker Rule is supposed to ban banks from making hazardous and speculative trades.
But the big banks are begging for the chance to make the same kind of moves that got us into the 2008 global credit crisis, one of the worst in the modern world.
By Shah Gilani, Chief Investment Strategist, Money Morning • @ShahGilani_TW -
The Volcker Rule is supposed to ban banks from making hazardous and speculative trades.
But the big banks are begging for the chance to make the same kind of moves that got us into the 2008 global credit crisis, one of the worst in the modern world.
It's like they never learned their lesson...
By Shah Gilani, Chief Investment Strategist, Money Morning • @ShahGilani_TW -
When it comes to big banks' bad behavior and the fines they pay to settle "allegations" - which are actually civil charges and which would be criminal charges if applied to any other business or in any parallel universe - things aren't even close to what they seem.
Sure the headlines scream victory, at least monetary victory, for some ripped-off consumers, some hard-charging regulators, and our vaunted (NOT) Justice Department.
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By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
The amount of money big banks have spent on settlements in just the last four years will blow your mind - and these totals are about to get higher.
In December, U.S. Attorney General Eric Holder told Reuters the Justice Department plans on bringing civil mortgage fraud cases against "several financial institutions" sometime in early 2014.
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