DARING OPINION

Welcome to Daringopinion.com
The Website of Elie Elhadj
Home      Finance
 

 
 
 
 
 
 
 
 
 
 
To Save Commercial Banking From Gamblers, Re-enact Glass-Steagall Act
Updated: February 2010
 
In December 1863, H. McCulloch, U.S. Comptroller of the Currency and later Secretary of the Treasury, wrote to all national banks. Here are some of the paragraphs. To read more...


To Save Commercial Banking From Gamblers, Re-enact Glass-Steagall Act - Mark II
Updated: February 2010
 
Bloomberg reported Barclays Plc President, Robert Diamond, on September 15, 2009 as telling the British Broadcasting Corporation’s Radio 4: “There isn’t any banking without risk” and that anyone who can’t take chances should leave the industry. “We need banks that are confident and banks that are willing to take risks,” to “get the economy going again.” Anyone unwilling to take risks should “get out of banking,” he added. To read more...