Goldman Sachs is reportedly exploring a new trading platform specifically for cryptocurrencies, most notably Bitcoin. A spokeswoman for the bank said in a statement, "In response to client interest in digital currencies, we are exploring how best to serve them in this space."
Great read on current issues involving the Fed and its $4.6 trillion balance sheet.
Dick Bove, an equity research analyst at the Vertical Group, explains the problem with the Fed and how the Fed would be insolvent if it were judged as a private financial institution. Read more below:
Bank owners seem to be running a system more like that of a casino than a bank. The money being generated from the banking system would blow your mind. With such high profits, these financial institutions are being regulated and investigated more than ever. -AL
Big banks have changed a lot, but there is more restructuring to come
SINCE the financial crisis, it has become
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