Stopping Taxpayer-backed Too-big-to-fail Banks Goldman Sachs and Morgan Stanley From Physical Commodities is Long Overdue

Stopping Taxpayer-backed Too-big-to-fail Banks Goldman Sachs and Morgan Stanley From Physical Commodities is Long Overdue | Better Markets:
"Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement following comments by Federal Reserve Governor Daniel Tarullo calling for an end to allowing taxpayer-backed banks such as Goldman Sachs and Morgan Stanley to engage in trading physical commodities.
“When Wall Street’s too-big-to-fail banks like Goldman Sachs and Morgan Stanley lose on their big market bets, they run to U.S. taxpayers for bailouts like they did in 2008.
That’s why their highest risk activities need to be eliminated, limited, and regulated, including their massive multi-billion operations trading physical commodities like oil, aluminum, natural gas, and copper.
For example, taxpayer-backed Goldman Sachs is now a bigger natural gas merchant in North America than Chevron and ExxonMobil. 
“Making matters worse, in addition to trading physical commodities, these banks also engage in the derivatives, futures and cash commodities markets, all while their analysts regularly comment on these markets.
These multiple, simultaneous activities provide unique opportunities for these banks to manipulate the markets and otherwise take advantage of market participants, including commodity purchasers and producers who are trying to hedge genuine risk..."