Mobius: Regulation Won't 'Kill the Golden Goose'
Regulation in the financial industry will not "kill the golden goose", said Mark Mobius, Executive Chairman of Templeton Asset Management.
"The forces against regulation are very strong in Washington... There are $600 trillion in derivatives outstanding. Lots of money is being made with derivatives. It's not going to go away," Mobius said on CNBC.
"The proof will be in what happens at the regulatory, administrative level - to implement whatever is passed in congress."
Posted on April 26, 2010
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