Replies

To: RoosterRedux

When investment bankers capital is not at risk (or an investment bank gets its equity elsewhere), the bar is lowered significantly.

You bet. Their leverage got to be ridiculous. They still didn't cause the crisis. Glass-Steagall still wouldn't have stopped bad mortgages.

45 posted on 07/19/2013 6:23:26 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)

To: Toddsterpatriot

I think I explained how the mortgage crisis occurred. It was not Glass-Steagall but the capital formation (and oversight) of investment banks.

47 posted on 07/19/2013 6:36:31 PM PDT by RoosterRedux (You can't eat Sharia)

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