Kelli Moll Quoted in Zerohedge.com Blog on Future Prospects for Hedge Funds with Cash

Akin Gump investment management partner Kelli Moll has been quoted in the blog zerohedge.com in a post titled “A Cash Ban Has Already Begun...”

The blog post notes that if global investors were ever to try to convert their “wealth” into physical money, the financial system would “implode,” as there is not enough actual cash in existence. In discussing the prospect of banks banning the use of cash entirely, Moll said, “At some point you wonder whether there will be a shortage of financial institutions willing to take on these balances.” She added that where to hold cash has become an increasing topic of conversation as hedge funds are shown the door by longtime banking counterparties.