I can't think of any banks that got in trouble because of their brokerage division, can you?
A lot of the abuses we’ve seen have their roots in this unholy alliance.
Any specifics?
So, I take it you made out well in 2007? I didn’t, we lost 30% of our retirement funds, and it was because of the existing financal institutions manipulations of the marketplace to steal from average folks like us. And in addition to Glass-Stegal, we should take measures to rein in Fannie and Freddie and government policies that allowed ( no mandated) that they give mortgages to people whom they knew would not be able to repay them. They were making loans, skimmming off fees, they walking away with those monies in their pockets leaving the taxpayers to foot the resulting bill. If I had my way, Goldman Sachs would be liquidated, along with everyone who works there having their bank accounts expropriated.