(EnergyAsia, February 26 2010, Friday) — US President Barrak Obama’s economic recovery adviser Paul Volcker wants the government to prohibit banks from “risky financial activities” like derivatives trading and leave these only to hedge funds. Speaking recently in the UK, he said banks should stick to providing basic banking services, and let hedge funds undertake…
MARKETS: Obama adviser wants banks barred from risky financial activities like derivatives trading
Posted on February 25, 2010 by EnergyAsia