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IPFS News Link • Economy - Economics USA

Wall Street Taking Same Risks That Caused Crisis: Analysts

(I would REMIND you when reading these the proposed obama regulations have no teeth no enforcement!) A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk. Goldman Sachs [GS 177.71 3.01 (+1.72%) ], JPMorgan Chase [JPM 43.75 1.25 (+2.94%) ] and others, which have received tens of billions of dollars in federal aid, are once more betting big on bonds, commodities and exotic financial products, trading that nearly stopped during the financial crisis.

1 Comments in Response to

Comment by Powell Gammill
Entered on:

Why wouldn't they take the same risks.  YOU bailed them out of the consequences of their last risk.  Though I guess it wasn't much of a risk was it?