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In other words, it was meant purely to offset risk and not make speculative bets.
Tens of thousands of them put money into speculative bets promoted by aggressive financial advisers.
Under the rule, banks can no longer place speculative bets with their own money.
If history is any guide, it hasn't often been the result of speculative bets.
"They should be taking in deposits and making loans, not taking large speculative bets".
Mortgage lenders argue that if borrowers made those kinds of speculative bets, they did so willingly.
We pose the following question: what are the limits to the agents' ability to realize gains from such speculative bets when their priors are private information?
Speculative bets are made by looking at the price of something and simply hoping the price goes up.
Take lobbying on the Volcker Rule, a controversial portion of the Dodd-Frank law that would prevent depository institutions from making certain speculative bets.
The emirate borrowed capital and labour to make speculative bets on real estate, of which The World is only one outlandish example.
When Congress passed a new financial regulation bill last month, it sought to prevent federally insured banks from making speculative bets using their own money.
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