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3 posts tagged with Glass-Steagall. (View popular tags)
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Too big to ...?

Matt Levine writes in the Wall Street Journal: Morgan Stanley Now Obeying Rules, Reducing Risks, Eating Cupcakes
So while of course it's possible that this is just next-level perception manipulation and I've fallen for it -- that Morgan Stanley has found a novel way to take on immense amounts of complex risk and hide it behind an army of retail brokers and a layer of cream-cheese frosting -- I think that this story is what it appears to be. Morgan Stanley seems to be de-risking by cutting back on risky activities, and responding to new regulations by obeying them.
On the New Wall Street, Boring Is Better [more inside]
posted by the man of twists and turns on Oct 21, 2013 - 27 comments

WHAT DO WE WANT? STUFF LIKE THIS.

Critics of the Occupy Wall Street movement have complained that the protestors have no clear goals, so WE DON'T MAKE DEMANDS composed a list of 12 concrete, specific suggestions focusing on economic reform, stronger regulation, and closing loopholes.
posted by The Whelk on Nov 30, 2011 - 193 comments

Volcker Wins over Geithner (and Why This Might Be a Very Good Thing)

Obama Breaks with Geithner to support "Volcker Rule" in sweeping new financial sector reform proposal. Following the counsel of highly-respected former Fed Chairman Paul Volcker in a move that would significantly weaken the role of current Treasury Secretary Tim Geithner, Obama's tough new proposals are being received by recent administration critic Robert Reich as a welcome, if overdue, policy correction. Among other things, the new proposals would effectively restore previous restrictions separating deposit and investment banks (as originally imposed by the depression-era Glass-Steagall Act), as well as imposing stiff new capital requirements, and restrictions designed to prevent banks from becoming too big to fail.
posted by saulgoodman on Jan 22, 2010 - 287 comments

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