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It almost seems like it might be a good idea to create a wall between personal banking and investment banking.
by fallingfrog 4y ago
It almost seems like it might be a good idea to create a wall between personal banking and investment banking.
- yesfitz 4y agoIf you're referring to Glass-Steagall, I don't think it would have helped with Silicon Valley Bank. Commercial banks were allowed to "to buy, sell, underwrite, and distribute US government and general obligation state and local government securities."[^1] And Silicon Valley Bank was underwater on US Treasury Bonds.[^2] 1: https://en.wikipedia.org/wiki/Glass%E2%80%93Steagall:_legislation,_limits_and_loopholes#Section_16 https://en.wikipedia.org/wiki/Glass%E2%80%93Steagall:_legisl... 2: https://en.wikipedia.org/wiki/Collapse_of_Silicon_Valley_Bank#Losses https://en.wikipedia.org/wiki/Collapse_of_Silicon_Valley_Ban...