Financial Execs Urge Fed To Rein In “Over-Exuberance… Hangover Will Be Difficult To Cope With”
by Tyler Durden
ZeroHedge.com
05/18/2015
In a stunningly honest turn of events – though likely self-preserving – a number of senior financial services executives are reportedly urged authorities around the world to bolster their crisis-busting arsenals amid fears that ultra-low interest rates have increased the risks of financial instability. As The FT reports, the heads of companies including HSBC, UBS and BlackRock will on Monday release a joint statement demanding policy-makers “address emerging market inefficiencies in the financial system, such as over-exuberance within asset classes.” Policy-makers must “lean against something that is making people feel good but is actually going to give them a hangover they will find difficult to cope with.”
The Rest…HERE
