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January 26, 2010

Proprietary Trading Restrictions And Bank Of America - Merrill

"Proprietary trading is how Wall Street makes its money, not brokerage services to help out third parties. Should this be embodied in law it would force Bank of America Corporation (BAC) (and Merrill) to separate because it makes the whole merger detrimental to shareholders."

in CBS MarketWatch

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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