Warren Mosler — So Why Should Banks be Allowed to be in the Wealth Management Business?

There is no public purpose served by allowing banks to be in the wealth management business

Here is a article I wrote for the Huffington Post in 2010 on how I would regulate banking. Feel free to distribute.

Soft Currency Economics
So Why Should Banks be Allowed to be in the Wealth Management Business?
Warren Mosler

See also Frances Coppola, Turning back the clock? The future of retail banking