Senators Warren & McCain propose new Glass-Stegal Act

[Charai]

[Indy]

[Charai]

[Charai]

[Charai]

It seems that a lot of the support for this legislation comes from the misguided idea that banks are allowed to mix investment/retail activities, even if they are under the same roof. That is just not the case. In fact, the highly publicized Volker rule prohibits just that.

The only reason the two are under one roof is for diversity. When the trading arm loses, it can be offset by the retail, and vis versa. It actually limits volatility (as diversifying almost always does).

I would like to hear a serious argument as to why the Volker rule is not enough, and we need to actually have the goverment break up some of these institutions.

[Indy]

[The Comrade]

[Charai]

[Charai]

[Mr.Bill]

No disrespect to you C but many of us here have been down this road here, and on PP(another forum) many, MANY times.. Personally I am sick to death talking about it..

We can talk all week about did repealing G-S help cause the crash in 2008, or did it have no effect in 2008.. Many people who know more about the banking sector than we do make good arguments on both sides..

BUT 1 fact no one can dispute.. Before G-S the market and the economy crashed, then 70 years with G-S and there were only minor hic-ups, then G-S is gutted and we had another crash.. That tells me combining commercial and investment banking is not a good idea. So IMO we should play it safe and re-install G-S... It might tell you something different..

C'est la vie..