Thomas Brown, chief executive officer of Second Curve Capital LLC, talks with Bloomberg's Betty Liu about President Barack Obama's proposal to limit U.S. banks' size and trading activities.
Brown does not think the proposal address the root cause for the financial meltdown, which according to him, is excessive leveraging ; The new proposal is hard to implement as it is hard to define what a proprietary trading is; and finally, he does not think the new proposal will pass into law.
Thomas Brown is a columnist of GuruFocus. His article can be found here.
( Source: Bloomberg)
Brown does not think the proposal address the root cause for the financial meltdown, which according to him, is excessive leveraging ; The new proposal is hard to implement as it is hard to define what a proprietary trading is; and finally, he does not think the new proposal will pass into law.
Thomas Brown is a columnist of GuruFocus. His article can be found here.
( Source: Bloomberg)
