Comments on: Weekend reading: Obama versus the banks

By: The Digerati Life

The Digerati Life — Thu, 28 Jan 2010 18:41:21 +0000

Thanks for the mention! .-= The Digerati Life on: Best Time To Buy Stuff: Discount Shopping On A Schedule =-.

By: Doctor Stock

Doctor Stock — Mon, 25 Jan 2010 01:50:56 +0000

I agree... I think your losses are temporary on those positions. .-= Doctor Stock on: Market Momentum Update =-.

By: The Investor

The Investor — Sat, 23 Jan 2010 23:33:47 +0000

@RIT – I’m not an expert on the regulations, but as I understand it Glass-Steagall has been outpaced by innovation – the repealing of it was a big step in 99, but plenty of the exotic instruments / trades floating around out there were created to get around the restrictions anyway. In short, it’s out of date. And it didn’t stop the Savings and Loans crisis (albeit because that was enabled by roll-back elsewhere), I suppose you could say – but generally I agree, bank runs were a way of life in the US before G-S.

@FS – You go down fighting!

By: Bret @ Hope to Prosper

Bret @ Hope to Prosper — Sat, 23 Jan 2010 20:41:00 +0000

The Glass-Stegall act should definitely be reinstated. And, there should be new limits placed on derivatives trading. What use are regulators if they aren't protecting depositors. .-= Bret @ Hope to Prosper on: The End of Reckless Spending =-.

By: RetirementInvestingToday

RetirementInvestingToday — Sat, 23 Jan 2010 16:54:54 +0000

What I want to know is why didn't Obama just reinstate the Glass-Steagall Act. Having seperated Commercial from Investment banking it seemed to work reasonably well for 67 years from 1932 to 1999 when it was repealed by Clinton. Since the repeal we saw a banking crisis within 10 years. .-= RetirementInvestingToday on: Australian Stock Market – January 2010 Update =-.

By: Financial Samurai

Financial Samurai — Sat, 23 Jan 2010 16:48:34 +0000

Hi Mate, should I write a glory to Obama post this weekend? The world’s investors lost boatloads this past week, b/c they wanted to Hurray!
.-= Financial Samurai on: Tax Refunds Are Good For Most People, Because Most People Can’t Save =-.