Geithner Says Splitting Up Bank Functions Won’t Aid Stability

Discussion in 'Wall St. News' started by rsi80, May 4, 2010.

  1. rsi80


  2. +1
  3. Indicting Timmay would aid stability.
  4. The Fed, the FDIC and The Treasury are against it.
    Dodd and the Regress are for it.
    Who are the bigger fucktards again?
  5. Geithner is full of shit. Roosevelt was very succesfull with the Glass-Steagal Act.

    When Clinton and the republican Congress repealed the Glass-Steagall Act, which then allowed investment banks to merge with commercial banks, the final piece of the puzzle was in place as normally conservative investing banks could then invest heavily in over the counter derivatives markets, much of which was in the form of speculative credit derivatives closely tied to real estate and commodities.