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Volcker Says Time to Curb Big Banks' High-Risk Trading

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SIMMA' DOWN NOW
Former Federal Reserve Chairman Paul Volcker today reiterated his call for the government to restrict the nation’s mega-banks from risky trading activities with their own capital, says the LA Times. Volcker, a top economic advisor to President Obama, told an Assn. for Corporate Growth conference in Los Angeles: "I do not think it reasonable that public money -- taxpayer money -- be indirectly available to support risk-prone capital market activities simply because they are housed within a commercial banking organization."
SOURCE:   L.A. Times

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