On the recordMarch 28, 2017
If you are a bank and you want to operate like some non-bank entity, like a hedge fund, then don't be a bank. Don't let banks use their customers' money to do anything other than traditional banking.
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congress.govPat Ryan: “If you are a bank and you want to operate like some non-bank entity, like a hedge fund, then don't be a bank. Don't let…”
Editor's note · Context
Ryan argues against banks engaging in hedge fund-like activities with customer funds.
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