mishtalk.com / Mike “Mish” Shedlock / September 8, 2016
Bloomberg reports Fed Urges Congress to Ban Banks From Buying Stakes in Companies.
Specifically, the Fed urged Congress to repeal the section of the Bank Holding Act that allows Wall Street firms to make investments in non-financial companies.
Hmmm. What about the Fed buying stakes in companies, state bonds, or in fact anything at all?
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