Monday, Dec 28, 2009

This could change Wall St

Bloomberg: War on Wall Street as Congress Sees Returning to Glass-Steagall

US "Lawmakers in both parties, seeking to prevent future financial crises while soothing public anger over bailouts and bonuses, are turning to an approach that’s both simple and transformative: re-imposing sections of the 1933 Glass-Steagall Act that separated commercial and investment banking". This is a one page proposal - so it seems like someone is serious - Citi won't be in favour, that's for sure! Meanwhile, some senators are still looking for someone to blame for the sub-prime mortgage crisis - remember that?

Posted by alan @ 09:12 PM (927 views)
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1 Comment

1. matt_the_hat said...

Presidents have been assassinated for less

Monday, December 28, 2009 11:03PM Report Comment

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