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You might want to brush up on the Glass-Steagall Act, which expressly prohibits these types of activities within organizations. i.e. ... "The Wall" And with G
by blantonl 16y ago
You might want to brush up on the Glass-Steagall Act, which expressly prohibits these types of activities within organizations. i.e. ... "The Wall"
And with Goldman under the regulatory microscope right now, I bet they are on the straight and narrow.
- jbooth 16y agoThe glass-steagall act which was repealed in the late 90s and which many people point to as the key piece of deregulation that kicked off the housing bubble?
- yeahright09 16y agoYeah, they are definitely on the straight and narrow, I will tell you that much. And that is the reason we know that our regulatory system is beyond broken. Goldman probably put up the loan for the deal and maneuvered it all into place, because naturally their advisory services are in synergy with their other products.
- blantonl 16y agocynicism these days seems to not be recognized.