AFR in the News: A bipartisan push to bring back bank bailouts
“Advocates on the left, however, are adamant that the ban remain in place, arguing that it forces banks to put up greater collateral to back up risky bets. ‘It is a form of firewall between swaps dealing and the rest of your operations, requiring separate capitalization,’ says Marcus Stanley, policy director of Americans for Financial Reform. ‘When you allow banks to do absolutely unlimited derivatives activities, it’s hard to separate banking from speculation.'”