An important economist has written an article in the Financial Times of London.
Roubini declared, "It is time for radical reform of finance. The majority of proposals on the table are inadequate or irrelevant. Large financial institutions must be unbundled; they are too big, interconnected and complex to manage. Investors and customers can find all the traditional banking, investment banking, hedge fund, mutual fund and insurance services they need in specialized firms. We need to go back to Glass-Steagall on steroids."
(unconfirmed but from a usually-reliable source)
No comments:
Post a Comment
Thank you for commenting. All comments are moderated. Your comment will be reviewed as quickly as possible. Off-topic or inappropriate will not be considered. Timely and appropriate messages are most welcome.