American Presidential Politics and foreign affairs Message Board

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Politics : American Presidential Politics and foreign affairs

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To: TimF who wrote (48890)	1/4/2012 2:13:43 PM
From: Peter Dierks	2 Recommendations Read Replies (1) of 71588

"They can't say it more directly because it's moronic." So I am a moron? Retail banking and investment banking are not similar business models. To say they can't exist in the same corporate umbrella would be like saying GE Capital should be stripped from NBC and the rest of the businesses. However to have one business in which funds move freely between the two is dangerous. IMHO that is the heart of the problem. WaMu bought Prudential Bache for the securities arm, the retail banking was a secondary considerations in the purchase. So lumping them in with Countrywide doesn't fit. I don't know what percentage of the combined business was investment banking, but it was being pushed. Maybe I am just pushing an idea because it was traditional. However you may wish to know that I thought about it quite a bit. Repealing the prohibition always struck me as a potentially bad idea.

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