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Read of the Day: Obama's Bank Solution

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Killgore Trout1/22/2010 4:09:39 pm PST

re: #8 HoosierHoops

I think there should be a firewall between Wall Street and Banks..
I don’t want my Banker sitting in his office thinking Enron is the smartest investment he had ever heard of..

Me too. The article Charles links to thinks it’s going to far to prohibit the banks from trading. I think the bugs can be worked out of that. I do agree that the “Too big to fail” tax probably isn’t a great idea. Banks will just pass on the cost to everyone else. I’d rather see the mega banks broken up into smaller ones.