It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Big Banks Seek to Limit Their Own Risks

page: 1
0

log in

join
share:

posted on Aug, 6 2008 @ 07:58 PM
link   

Big Banks Seek to Limit Their Own Risks


www.ft.com

Many of the world’s biggest banks are proposing reforms that would limit the size and scope of their businesses in one of the most dramatic responses to the credit crisis.

The proposals would hold down the number of investors who can buy complex financial products, bring large swathes of the derivatives markets into regulators’ sights and call on banks to spend more on technology and risk management.

(visit the link for the full news article)



posted on Aug, 6 2008 @ 07:58 PM
link   
Yeah, that's the thing to do... let the banks regulate THEMSELVES out of the mess they've gotten us all into. I'm sure that's the best way to handle the econmic disaster we've not even begun to feel the real results of yet.

Disgusting tactic, and I'm sure from the way it is being presented by the Financial Times it will be the result they seek. No governement oversight, no penalites, no respurcussions for those who have gotten theirs and intend to hang on to it at your expense.

www.ft.com
(visit the link for the full news article)



 
0

log in

join