Wednesday, July 17, 2013

The #dailydose of #GlassSteagall #TBTF #TBTJ and #BigBank Nonsense




Regulatory Rumpus: The Battle Over Reinstating Glass-Steagall
TIME
Among the small number of Americans who are passionate about financial regulation, no topic raises hackles more than the so-called Glass-Steagall act. It is “so-called” because when you hear the term “Glass-Steagall” the speaker is most certainly ...
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Sen. Elizabeth Warren Pitches 21st Century Glass-Steagall Bill
Fox Business
You're watching... Sen. Elizabeth Warren Pitches 21st Century Glass-Steagall Bill. Advertisement. Details. Description. Sen. Elizabeth Warren, D-Mass., argues we need to break up big banks. More Info; Share on Facebook; Share on Twitter; Expand Video.
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Glass-Steagall would not have stopped the crash
Financial Times
... global financial crash. It would have happened even if the Glass-Steagall Act in the US had been maintained in place rather than revoked; nor would the Vickers, Liikanen or Dodd-Frank proposals have made more than a minimal impact on the disaster.
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Fed's Tarullo: Glass-Steagall Return Not High on His List
Moneynews
A U.S. Federal Reserve official on Monday questioned the latest congressional plan to break up big banks, saying it is unclear whether such a move would prevent the next financial crisis. Fed Governor Daniel Tarullo, who has been the agency's point man ...
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Delamaide: Make banking boring (and safe) again
USA TODAY
John McCain of Arizona and two other senators to introduce a 21st-century version of the Glass-Steagall Act that kept banks safe for six decades by separating commercial and investment banking. "Banking should be boring," Warren wrote in a blog post ...
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New Glass-Steagall Bill is An Attempt to “Go Back to the Future,” Says Sen. King
Yahoo! Finance (blog)
King says "this isn't the 'too big to fail' bill" -- the 21st Century Glass-Steagall Act creates a structural change in the banking system that would require big banks to break up into smaller institutions “in terms of functionality, not size ...
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Hard Push For New Glass-Steagall Act To Regulate Banks
Here And Now
Four senators, including Democrat Elizabeth Warren and Republican John McCain are proposing “The 21st Century Glass-Steagall Act” to force Wall Street to separate traditional banking from speculative investment. Under the proposed legislation, banks ...
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Economy News: New Glass-Steagall Bill Tries to Go Back to the Future
AllMediaNY
Massachusetts Democratic Senator Elizabeth Warren is one of four senators who recently introduced the 21st Century Glass-Steagall Act, which, like the original 1933 statute, would separate commercial banking from investment banking in order to reduce ...
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Firebreaks are the best way to contain contagion
Financial Times
Firebreaks are the best way to contain contagion. From Mr Seb Walker. Sir, Your leader (“Split the banks”, July 13) advocates the reintroduction of a Glass-Steagall Act across the globe. Yet this populist approach ignores the fact that many of the ...
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