Foundation for Economic Education
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Volcker Clashes with Obama over Banking Regs
Posted By Sheldon Richman
“[Former Fed chairman Paul Volcker] wants the nation’s banks to be prohibited from owning and trading risky securities, the very practice that got the biggest ones into deep trouble in 2008. And the administration is saying no, it will not separate commercial banking from investment operations.” (New York Times [1], Wednesday)
How about free banking?
FEE Timely Classic
“Commercial Banking in a Free Society” [2] by Steven Horwitz
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/volcker-clashes-obama-banking-regs/
URLs in this post:
[1] New York Times: http://www.nytimes.com/2009/10/21/business/21volcker.html?ref=todayspaper
[2] “Commercial Banking in a Free Society”: http://www.thefreemanonline.org/columns/commercial-banking-in-a-free-society/
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