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Wednesday, July 24, 2013

Goldman Sachs and the Fed: If it ain't broke, fix it

Fed Draws Fire for Oversight 

of Bank-Owned Commodity Operations
2013-07-23 23:20:01.270 GMT


By Michael J. Moore and Jesse Hamilton
     July 24 (Bloomberg) -- The Federal Reserve faces new
pressure to explain why it lets banks trade raw materials and

control supplies after congressional witnesses said regulators

can’t really grasp what lenders are doing in industrial
businesses.

 

#1: You can get away with just about anything if you're buying the drinks.

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