Ep. 137: Right & Wrong Answers with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Dangers of Systemic Failure for Hedge Funds
I do not believe that investment banking should be under the same umbrella as an institution which takes deposits from the British High Street. I'm losing money this month. It's a very uncomfortable process. My phone never stops. There is speculation that I... Yeah, but my point is this. If the banks, as you want to see, are told they can no longer engage in a whole range of investment banking activities, that sort of activity will be shunted more and more to the so-called shadow banking sector. That makes you bigger and therefore gravely exposed to the danger of systemic failure.
Play episode from 27:02
Transcript
