Comments on: bill clinton’s repeal of glass-steagall at heart banking crisis http://thekrays.wordpress.com/2008/09/26/bill-clintons-repeal-of-glass-steagall-at-heart-banking-criss/ yet another blog for cynics working in media, culture, and couture Fri, 25 Dec 2009 22:21:22 +0000 http://wordpress.com/ hourly 1 By: thekrays http://thekrays.wordpress.com/2008/09/26/bill-clintons-repeal-of-glass-steagall-at-heart-banking-criss/#comment-1942 thekrays Fri, 26 Sep 2008 20:02:15 +0000 http://thekrays.wordpress.com/?p=928#comment-1942 the first link leads to this information about glass-steagall: it sought to limit the conflicts of interest created when commercial banks are permitted to underwrite stocks or bonds. In the early part of the century, individual investors were seriously hurt by banks whose overriding interest was promoting stocks of interest and benefit to the banks, rather than to individual investors. the first link leads to this information about glass-steagall: it sought to limit the conflicts of interest created when commercial banks are permitted to underwrite stocks or bonds. In the early part of the century, individual investors were seriously hurt by banks whose overriding interest was promoting stocks of interest and benefit to the banks, rather than to individual investors.

]]> By: thekrays http://thekrays.wordpress.com/2008/09/26/bill-clintons-repeal-of-glass-steagall-at-heart-banking-criss/#comment-1941 thekrays Fri, 26 Sep 2008 18:46:56 +0000 http://thekrays.wordpress.com/?p=928#comment-1941 deleted deleted

]]> By: Stephen VanNuys http://thekrays.wordpress.com/2008/09/26/bill-clintons-repeal-of-glass-steagall-at-heart-banking-criss/#comment-1940 Stephen VanNuys Fri, 26 Sep 2008 15:45:50 +0000 http://thekrays.wordpress.com/?p=928#comment-1940 Interesting posts and links. And this is a very interesting debate. But one thing I'd be interested to hear you flesh out in a little more detail is the direct link b/w the repeal of this law and the current crisis. I don't have a lot of time to research these things, but from what I can tell AIG and the investment houses that have collapsed were not combining their insurance/securities activities with routine banking activities. In fact, I find it interesting that many are arguing the investment banks may have collapsed precisely b/c they had TOO LITTLE depositor capital. See link below: http://www.guardian.co.uk/business/2008/sep/23/goldmansachs.morganstanley Be curious your reactions. Appreciate the good post! Interesting posts and links. And this is a very interesting debate. But one thing I’d be interested to hear you flesh out in a little more detail is the direct link b/w the repeal of this law and the current crisis. I don’t have a lot of time to research these things, but from what I can tell AIG and the investment houses that have collapsed were not combining their insurance/securities activities with routine banking activities. In fact, I find it interesting that many are arguing the investment banks may have collapsed precisely b/c they had TOO LITTLE depositor capital. See link below:
http://www.guardian.co.uk/business/2008/sep/23/goldmansachs.morganstanley

Be curious your reactions. Appreciate the good post!

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