Until the Glass-Steagall Act is restored, barring the Wall Street trading casino from owning federally-insured commercial banks, the U.S. banking system will lurch from one crisis to the next, until its reputation as a first-class financial system is relegated to the dustbin of history.
Lobbyists Grab Control at House Financial Services Hearings, Backing Jamie Dimon’s Push to Gut Higher Capital Proposals We’re very sorry to have to tell you this, but if you’re not watching Senate Banking or House Financial Services Committee hearings when the topic is about increasing bank capital or any new regulations to make the …