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Pension funds are restricted in the UK to only be able to invest in commercial properties. There seems to be a conflict of interest here, where banks can make i
by awjr 13y ago
Pension funds are restricted in the UK to only be able to invest in commercial properties. There seems to be a conflict of interest here, where banks can make it hard for normal people to buy residential property while there investment arm is able to easily buy. That is one very scary situation to be in.
- chrisaycock 13y ago> banks can make it hard for normal people to buy residential property while there investment arm is able to easily buy Under the Volcker rule, banks don't have an investment arm. That's why the article is about Blackstone and Colony, rather than Bank of America or Wells Fargo.