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Politics : The Obama - Clinton Disaster

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To: TimF who wrote (24589)1/13/2010 6:02:42 PM
From: Wayners  Read Replies (1) of 103300
 
I think it takes 10 years or more to really get the ball rolling. Investment banks would have still taken a big hit with Glass Steagall, but they werent the only ones going to the CDS Casino, commercial banks were buying that crap too, which GS would have prevented. All the investment banks and AIG should have failed without any bailout while maintaining FDIC protection to all commercial banks. SIPC would have protected depositors in the failed investment banks. Solvent commercial banks should have been given the opportunity to buy failed investment banks for pennies on the dollar.
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