Why are they protesting that the Volcker rule will undermine the vitality of their banking system? Are they worried that nobody else will make stupid bets, such as AIG's credit default swaps? Otherwise, wouldn't a regulation that limits opportunity for the US banks open up profit opportunity for the banks in those countries?
-- Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
