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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (107275)	3/27/2009 5:26:11 PM
From: Sam	Respond to of 541866

I agree with you, Steve. Banks are stodgy, steady money collectors when they are well run. The problem though is that someone who is "ambitious" gets in charge of that money, and wants to "grow" it faster, wants to "shine," be a "Master of the Universe." Bully for them, lol. They will always appear when a good deal of money is at stake, and we have to align the incentives against that kind of behavior. We need solid, dependable banks that are just steady, boring companies (but for real, not Madoff style). If executives want the glamorous high roller life, they should go into investment banking, not turn boring banks into high roller wannabes. That's why Glass-Steagall was enacted, and why it should be reinstated, with a warning embedded in the text of the bill about never again allowing banks to become something other than staid, boring businesses.