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Alcoa Inc. Message Board

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  • brumar_lv brumar_lv May 15, 2012 1:51 PM Flag

    Banks need more regulation...

    The Volker Rule should be approved.

    Chase Bank would be split into two parts: (1) a vanilla commercial bank that makes collaterized loans and handles checking and savings accounts, and (2) an investment bank that takes risks using its own money, and borrowed funds, instead of risking the savings of its customers (unless the customers agree to it).

    The term "investment bank" is a misnomer ... it should be called a "casino bank" because it does not generally make investments (buy stocks, bonds, and related securities). Instead it makes highly margined risky bets. There is no reason to come to the rescue of this kind of bank.

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