re: #286 000G
That’s empty phrases, though. All stock trading is “market speculation”, nevermind if undertaken by investment banks or anyone else.
Said in a vacuum maybe it is hollow. Later in the post:
For many critics, it boiled down to the issue of two different cultures - a culture of risk which was the securities business, and a culture of protection of deposits which was the culture of banking.
The issue is not speculation or trading, but the mixing of mindset/cultures is cause for concern.