In the News: FoxBusiness

Portfolio manager Axel Merk tells FoxBusiness that requiring banks to adhere to mark-to-market accounting would allow discarding much of the new regulation introduced

"...

Axel Merk, president of Merk Investments, said requiring banks to adhere to mark-to-market accounting would eliminate the need for meddling by bureaucrat regulators...

'That way you can’t wait until the hole is so big that you have to go crying to the government for a bailout,' said Merk.

But regulators like to regulate.

'They’re all bureaucrats and that’s what bureaucrats do. There’s a reason why the bureaucrats didn’t see this thing coming and they never will,' Merk concluded. …"