http://blogofbile.com/2008/09/22/say-goodbye-to-the-investment-bank-glass-steagall-act/ from the bowels of the mind Wed, 07 Jan 2009 21:28:32 +0000 http://wordpress.org/?v=2.6.5 http://blogofbile.com/2008/09/22/say-goodbye-to-the-investment-bank-glass-steagall-act/#comment-2787 beetlbumjl Wed, 24 Sep 2008 18:52:15 +0000 http://blogofbile.com/?p=2192#comment-2787 <em>How long till the government forgets what led us here and creates the environment for a bubble again?</em> Generational dynamics in action?  No, it's simpler than that.  There is no forgetting that needs to be done by the government.  As it currently operates, learning that lesson is impossible without the government blowing itself up.  Instead, the crisis will pass (bailout or not) and it will be assumed that tinkering or added regulation has fixed the problem.  Onto the next bubble! How long till the government forgets what led us here and creates the environment for a bubble again?
Generational dynamics in action?  No, it’s simpler than that.  There is no forgetting that needs to be done by the government.  As it currently operates, learning that lesson is impossible without the government blowing itself up.  Instead, the crisis will pass (bailout or not) and it will be assumed that tinkering or added regulation has fixed the problem.  Onto the next bubble!

]]> http://blogofbile.com/2008/09/22/say-goodbye-to-the-investment-bank-glass-steagall-act/#comment-2781   Business,Finance,Investments,Uncategorized | Investment banking evolves into new model — Recycle Email Wed, 24 Sep 2008 02:40:06 +0000 http://blogofbile.com/?p=2192#comment-2781 [...] Say goodbye to the investment bank, Glass-Steagall Act By bile Goldman Sachs and Morgan Stanley, the last big independent investment banks on Wall Street, will transform themselves into bank holding companies subject to far greater regulation, the Federal Reserve said Sunday night, … blog of bile - http://blogofbile.com [...] [...] Say goodbye to the investment bank, Glass-Steagall Act By bile Goldman Sachs and Morgan Stanley, the last big independent investment banks on Wall Street, will transform themselves into bank holding companies subject to far greater regulation, the Federal Reserve said Sunday night, … blog of bile - http://blogofbile.com [...]

]]>