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Oh ho ho Spitzer, your so funny.Follow

#1 Sep 30 2012 at 1:42 PM Rating: Excellent
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The banking systems problems are a cultural issue. The financial markets should have a stewardship culture, where they don't pursue high return products. It's not a regulatory issue, noone needs to go to jail.
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#2 Sep 30 2012 at 2:45 PM Rating: Good
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Should is such a lovely word.
#3 Oct 01 2012 at 6:16 AM Rating: Good
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I listened to that program. It was a bit sobering.

Regulation is a pretty effective tool in bringing about a targeted change in culture. Spitzer sounded like a tool on that panel.

The fiscal cliff looms.....
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#4 Oct 01 2012 at 7:00 AM Rating: Good
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I liked the part when the banker they had on said '...large banks need more stringent separation between depositors and investors to allow bailouts for consumer runs while keeping investment markets free to fail" and Spitzer said "that's not really the role of regulation", and "i'm glad we didn't catch JP Morgan losing money on a hedge"

Edited, Oct 1st 2012 9:01am by Timelordwho
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#5 Oct 03 2012 at 2:09 AM Rating: Good
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"Paging William Jefferson Clinton. Paging William Jefferson Clinton. Please pick up the white courtesy phone for a call from the Glass-Steagall Act. Paging William Jefferson Clinton."

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