Proposals by the Obama administration to limit the size and scope of banking practices. In 1933 legislation was passed to prohibit banks from engaging in trading and hedging positions. It was thought that such, led to the Market Crash of that period. Obama would like to return to the 1930's regulations to keep banks from engaging in high-risk behaviors with lenders deposits or cheaply borrowed money from the Fed.
We all need to understand the big-bank theory.
by Guido1 January 22, 2010
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