Questions arise as Wall Street profits from trading with Fed

08/3/2009 | Financial Times (tiered subscription model)

The Federal Reserve has become one of the largest customers of Wall Street banks as it strives to stabilize markets by purchasing securities. The result has been huge profits for the banks, raising questions about how the U.S. government deals with private-sector counterparties. "You can make big money trading with the government," an executive at an investment-management firm said. "The government is a huge buyer and seller, and Wall Street has all the pricing power."

View Full Article in:

Financial Times (tiered subscription model)

Published in Brief:

SmartBrief Job Listings for Business

Job Title Company Location
Human Resource Director
Salt Lake City, UT