Aluminum scandal reignites

heory with sustenance, a financial analyst Lucas Bernard New York (κουφωματα αλουμινιου)

Lucas Bernard sees the money related operators in charge of disappointments

Essentially, banks are precluded from acting with non-keeping money operations, yet a halfway annulment of this manage in 1999 permits the exchange with crude materials - from the Federal Reserve (Fed), the national bank of the United States, concur.

Concurring condemned the monetary examiner Joshua Rosner amid a hearing, oversight bodies have no clue that it is so difficult to get a diagram of the matter of a bank whose capital entirety $ 3 trillion and works in 160 nations. What's more, before they know it, an entire society can lose billions. "Up to this point we were fortunate with the crude materials. Be that as it may, one in view of fortunes framework is not reasonable," he underlined Rosner.

Too huge to come up short

Coal mines to refineries, metal stores to interests in ports or airplane terminals: if banks are permitted to work in these ranges, they are greater and more imperative. Toward the end, they are viewed as important for the framework, too enormous to fall flat - too huge to come up short. What's more, in case of monetary troubles, they should be saved with state cash.

(αλουμινιου)In any case, he said a couple of days back Lloyd Blankfein, director of Goldman Sachs, would be no explanation behind the unique decides that advantage the banks. For more than one hundred years they work with wares and assume a critical part in the value changes. "Without us, very much found and organizations would be bankrupt. That would not be useful for the crude materials advertise," Blankfein said.

administrative arbitrage

Also, undoubtedly, the Federal Reserve, which means to grow its exploration regarding the matter, got a couple of days back a letter from the US Chamber of Commerce, marked by firms, for example, air ship maker Boeing and UPS postal administration organization.

"Our hazard administration endure if banks vanish in the item advertises. We would be required to store, ourselves, metals, and would need to give the fundamental foundation. Our supporting conceivable outcomes would vanish or if nothing else turn out to be substantially more costly "says the archive.

Examinations and hearings are in progress. The New York-based financial analyst Lucas Bernard trusts that administrative measures are by all account not the only arrangement. He discusses "administrative arbitrage": each time new guidelines are received, a great deal of youthful experts in New York Stock Exchange, London or somewhere else would be prepared, quite recently holding up to discover provisos in these standards keeping in mind the end goal to dodge them.

Now and a large portion of the monetary segment, Bernard trusts that the issue lies in the absence of responsibility of chiefs: "The agents dependably say go for broke in any case they jeopardize just the cash, for instance, of. benefits stores. Those mindful are not in danger by any means(τζαμια αθηνα). "