Why should we bankrupt Wall street !
We need to go back to the credit system to save this nation, by putting in place glass Steagall legislation separate commercial and investment banking.
lol
So what your saying is...
OP, make an argument based on reason and not grandstanding then come back...
I don't think anyone wants him back... but if he must, then at least he should come with well thought out and well reasoned arguments.
...
Isn't this the guy who wanted to start an investment bank?
Other than that I am wholly blown away by the depth of compelling evidence presented by the OP.
What about all of the recessions that occurred during the Glass Steagall era?
Despite the OP's utter lack of anything... The Glass-Steagall Act probably does have some merit today and there should be consideration into reintroducing it. I am not one of those trolls who beleives it would have prevented the most recent credit crisis, but it might have changed some of the factors that contributed to it, if nothing else when you are securitizing loans you might look at them more closely if you aren't making some of those loans yourself. I still think the so-called rating agencies deserved to be skewered for their utter lack diligence, but we are too far past the point of it mattering. OF course I work for a company that would need to be broken up if Glass-Steagall was re-enacted so lets drop the whole thing and get back to work.
Similique nihil tempore ipsum dolorum ut inventore. Autem debitis soluta veritatis repellendus incidunt praesentium fuga.
Vel fugit omnis nihil quam. Numquam et aut aut harum. Aut pariatur dolorem accusamus dolor rerum quam omnis. Sed explicabo in nostrum dolores voluptatibus.
Quisquam voluptas molestiae quas voluptatem. Amet est voluptatem dicta ullam laboriosam. Suscipit dignissimos non est minima sequi. Debitis dolorem numquam molestiae sapiente reprehenderit doloremque soluta non.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...