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Overnight Video: Parigot

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BigPapa10/08/2011 10:56:34 am PDT

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.