{"id":6894,"date":"2010-01-21T13:04:00","date_gmt":"2010-01-21T18:04:00","guid":{"rendered":"https:\/\/www.merkley.senate.gov\/merkley-limits-on-risky-trading-crucial-to-righting-american-financial-system\/"},"modified":"2023-07-24T11:11:29","modified_gmt":"2023-07-24T15:11:29","slug":"merkley-limits-on-risky-trading-crucial-to-righting-american-financial-system","status":"publish","type":"post","link":"https:\/\/www.merkley.senate.gov\/es\/merkley-limits-on-risky-trading-crucial-to-righting-american-financial-system\/","title":{"rendered":"Merkley: Los l\u00edmites a las operaciones riesgosas son cruciales para corregir el sistema financiero estadounidense"},"content":{"rendered":"<p><strong>Washington DC<\/strong> &#8211; Oregon&rsquo;s Senator Jeff Merkley made the following statement Thursday morning in advance of President Obama&rsquo;s announcement on financial regulation:<\/p>\n<blockquote><p>&ldquo;For months, I&rsquo;ve been pushing for the reestablishment of a firewall between risky activities and depository lending.&nbsp; This is an absolutely necessary step in shutting down the casino-like gambling that destroyed our economy and endangered the jobs, homes and savings of the American people.&nbsp; The president&rsquo;s support is a critical turning point in the effort to see these firewalls enacted in a financial reform package this year.<\/p>\n<p><p>&ldquo;Proprietary trading, where banks bet with their own capital, is a recent innovation and has turned out to be a bad deal for both our financial institutions and the taxpayer.&nbsp; Over the last fifteen years, as the legal and ethical prohibitions on high-risk trading were removed, banks raced to increase their leverage and gamble with their balance sheets.&nbsp; As recent history has demonstrated, these dangerous bets resulted in financial collapse, both for Wall Street and American families. Common-sense limits on high risk activities will make our economy more stable and less reliant on government intervention.<\/p>\n<p>&ldquo;To succeed, banks have to return to their mission of providing customers with prudent lending and investment opportunities instead of aspiring to be hedge funds.&nbsp; Success for the American financial system isn&rsquo;t defined by record profits or massive bonuses.&nbsp; Success is the ability to lend to small businesses, to create jobs, and to drive real economic growth.<\/p>\n<p>&ldquo;The restoration of rules that prevent banks from gambling with their depositors&rsquo; money is crucial to righting our economic ship and ensuring the future stability of our financial system.&nbsp; I look forward to working with President Obama, Banking Committee Chairman Dodd, and my Senate colleagues to reestablish the firewall between risky activities and depository lending and make banking boring again.&rdquo;<\/p>\n<\/blockquote>","protected":false},"excerpt":{"rendered":"<p>Washington, D.C. &#8211; Oregon&rsquo;s Senator Jeff Merkley made the following statement Thursday morning in advance of President Obama&rsquo;s announcement on financial regulation: &ldquo;For months, I&rsquo;ve been pushing for the reestablishment of a firewall between risky activities and depository lending.&nbsp; This is an absolutely necessary step in shutting down the casino-like gambling that destroyed our economy [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[24],"tags":[44,47],"class_list":["post-6894","post","type-post","status-publish","format-standard","hentry","category-press-releases","tag-jobs-and-the-economy","tag-protecting-consumers-taxpayers-and-the-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Merkley: Limits on Risky Trading Crucial to Righting American Financial System - Merkley<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.merkley.senate.gov\/es\/merkley-limits-on-risky-trading-crucial-to-righting-american-financial-system\/\" \/>\n<meta property=\"og:locale\" content=\"es_MX\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Merkley: Limits on Risky Trading Crucial to Righting American Financial System - Merkley\" \/>\n<meta property=\"og:description\" content=\"Washington, D.C. &#8211; Oregon&rsquo;s Senator Jeff Merkley made the following statement Thursday morning in advance of President Obama&rsquo;s announcement on financial regulation: &ldquo;For months, I&rsquo;ve been pushing for the reestablishment of a firewall between risky activities and depository lending.&nbsp; This is an absolutely necessary step in shutting down the casino-like gambling that destroyed our economy [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.merkley.senate.gov\/es\/merkley-limits-on-risky-trading-crucial-to-righting-american-financial-system\/\" \/>\n<meta property=\"og:site_name\" content=\"Merkley\" \/>\n<meta property=\"article:published_time\" content=\"2010-01-21T18:04:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-24T15:11:29+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.merkley.senate.gov\/merkley-limits-on-risky-trading-crucial-to-righting-american-financial-system\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.merkley.senate.gov\/merkley-limits-on-risky-trading-crucial-to-righting-american-financial-system\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Merkley: Limits on Risky Trading Crucial to Righting American Financial System\",\"datePublished\":\"2010-01-21T18:04:00+00:00\",\"dateModified\":\"2023-07-24T15:11:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.merkley.senate.gov\/merkley-limits-on-risky-trading-crucial-to-righting-american-financial-system\/\"},\"wordCount\":336,\"keywords\":[\"Jobs and the Economy\",\"Protecting Consumers, Taxpayers, and the Economy\"],\"articleSection\":[\"Press Releases\"],\"inLanguage\":\"es-MX\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.merkley.senate.gov\/merkley-limits-on-risky-trading-crucial-to-righting-american-financial-system\/\",\"url\":\"https:\/\/www.merkley.senate.gov\/merkley-limits-on-risky-trading-crucial-to-righting-american-financial-system\/\",\"name\":\"Merkley: Limits on Risky Trading Crucial to Righting American Financial System - Merkley\",\"isPartOf\":{\"@id\":\"https:\/\/www.merkley.senate.gov\/#website\"},\"datePublished\":\"2010-01-21T18:04:00+00:00\",\"dateModified\":\"2023-07-24T15:11:29+00:00\",\"author\":{\"@id\":\"\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.merkley.senate.gov\/merkley-limits-on-risky-trading-crucial-to-righting-american-financial-system\/#breadcrumb\"},\"inLanguage\":\"es-MX\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.merkley.senate.gov\/merkley-limits-on-risky-trading-crucial-to-righting-american-financial-system\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.merkley.senate.gov\/merkley-limits-on-risky-trading-crucial-to-righting-american-financial-system\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.merkley.senate.gov\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Merkley: Limits on Risky Trading Crucial to Righting American Financial System\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.merkley.senate.gov\/#website\",\"url\":\"https:\/\/www.merkley.senate.gov\/\",\"name\":\"Merkley\",\"description\":\"Merkley\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.merkley.senate.gov\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"es-MX\"},{\"@type\":\"Person\",\"@id\":\"\",\"url\":\"https:\/\/www.merkley.senate.gov\/es\/author\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Merkley: Limits on Risky Trading Crucial to Righting American Financial System - Merkley","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.merkley.senate.gov\/es\/merkley-limits-on-risky-trading-crucial-to-righting-american-financial-system\/","og_locale":"es_MX","og_type":"article","og_title":"Merkley: Limits on Risky Trading Crucial to Righting American Financial System - Merkley","og_description":"Washington, D.C. &#8211; 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