I want to clarify this language would allow banks to maintain an appropriate dealer inventory and residual risk positions, which are essential parts of the market making function. Without that flexibility, market makers would not be able to provide liquidity to markets.
The speaker is discussing the implications of the Volcker Rule on banking entities and market making activities.
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I rise today to honor the life of Corporal John C. Bishop of the U.S. Marine Corps and Versailles, IN. Corporal Bishop was assigned to the 2nd Battalion, 9th Marine Regiment, 2nd Marine Division. He lost his life on September 8, 2010…
Well, and if they have to be focused on capital preservation, then obviously they are not lending, and that is yet another drag upon the recovery, isn't it?
we should not discriminate against them. We should honor that service, honor that patriotism, the way we do the service and patriotism of any American who is willing to put on the uniform of this country.