Read More: Federal Reserve, Federal Energy Regulatory Commission, President Obama, Volcker Rule, RBS Sempra, JPMorgan Chase, Jamie Dimon, Energy Markets, Oil Gas, Enron, Oil, Energy, Blythe Masters, Business News
What, pray tell, is a bank doing in the oil, gas, power and electricity business? Is that why we have a Federal Reserve -- to fund their gambling addiction? Should the bank fail because of its gambling excess, we would be left holding the bill and mopping up the mess of Too Big to Fail.
The president has made clear where our government now stands. Banks and proprietary trading do not mix because when they do they put the whole economy at risk.