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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...
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