Tuesday, February 02, 2010

If I were a senator on the banking committee, I would ask Paul Volcker

Neither Washington Mutual nor Countrywide Financial had any proprietary trading activities to speak of. How would your rule have stemmed the risks to those commercial banks?

And let's look back at AIG, Fannie Mae, and Freddie Mac vs. the commercial banks and properly weight those systemic risks, please.

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