Remember when commercial banks couldn't own investment banks?

Discussion in 'Wall St. News' started by seasideheights, Sep 21, 2008.

  1. so much for that law.

    why was that ever changed?

    What is going to happen now with depositer's money in commercial banks that own investment banks? Will they be used for the investment banks trading accounts?
  2. Dimon and Weill pushed through the change...

    23a exemptions have already been extended to the money center banks...