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frankkarl
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'Good Vibes' Have Appeared Again - Bob Hoye - Institutional Advisors

Bob, regarding Glass Steagall, the Schmellnick Banksters are repenting of late. Seems they may be changing their minds. But don`t be fooled. They would gladly have their casinos dismantled ( under the guise of law ) so as to separate the old Glass Steagall banks from their post GS derivative pits. They want a new law giving them their failed banks back. Opps, a do over. Then they will take credit for saving the banking system through their schmedia. Beware, any version of Glass Steagall causing the casinos to dismantle is nothing more than another bankster bailout. Just separate the good assets from the bad and presto, a well capitalized commercial bank and an unrelated derivatives pit just waiting to send you the bill. Only new banks, or those audited to be free of off balance sheet risk, marked to market, should qualify as a commercial bank and be governed by any reversion of Glass Steagall. JPM in particular should be allowed to rot in it's quagmire of greed and corruption. They have brought themselves to ruin.

Commented 4414 days ago

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Beginning of the headline : Signs of the Times: "Sandy Weill, whose creation of Citigroup ushered in the era of U.S.banking conglomerates a decade before the financial crisis, said it is time to dismantle the nation's largest lenders." This is Bloomberg's July 25th article, and the Wall Street Journal had the headline: "Sandy Weill Regrets Breaking Glass"... Read More

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