Another Urban Legend Bites the Dust | 55 comments (55 topical, editorial, 0 hidden)

Banks do but not investment bankers

Yes, I figured that's what you meant.

Now, will these retail banks be retail operations themselves, or will the profit generated by the bank be captured by the high-level managers of big banks?

Can the last politician to go out the revolving door please turn the lights off?

by Carrie (migeru at eurotrib dot com) on Sun Jul 15th, 2007 at 05:25:20 AM EST
[ Parent ]

The latter (none / 1)

but if it's the only industry where that happens, it's a lot easier to deal with. Banking is a heavily regulated industry, as it should, and the example of the 30s (the Glass-Seagall Act) shows that you can limit the worst excesses.

The thing is to limit the influence of investment banking on other industries, and one way to do that is maybe to take a harder look at mergers and acquisitions.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sun Jul 15th, 2007 at 05:43:18 AM EST
[ Parent ]

Another Urban Legend Bites the Dust | 55 comments (55 topical, 0 editorial, 0 hidden)

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