Sunday, July 21, 2013
FED - Get Banks Out of Commodities
Barry, My Liege :
The Federal Reseve Bank is considering revoking permission for banks - Barclays, Goldman Sachs, JPMorgan Chase and Morgan Stanley - to own and trade commodities like oil, natural gas and food products.
Read it here : http://www.bloomberg.com/news/2013-07-20/fed-reviews-rule-on-big-banks-commodity-trades-after-complaints.html
According to Sherrod Brown, United States Senate Subcommittee Chairman, there is "a potential for anti-competitive behaviour and manipulation.”
My Liege, it is something we can do to break the stranglehold of big banks on the economy.
We pray you suport this regulatiion change.
Your faithful servant,