Quote:
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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- Oh ho ho Spitzer, your so funny.
Oh ho ho Spitzer, your so funny.Follow
Just as Planned.
Should is such a lovely word.
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.....
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.....
Alma wrote:
I lost my post
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
Edited, Oct 1st 2012 9:01am by Timelordwho
Just as Planned.
"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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