Here’s a truly terrible advertising tagline that could go nowhere on Madison Avenue: “We make bank boring again”. But is it feasible that Wall Street needs this slogan? Senator Angus King of Maine, an unbiased who has been dealing with prominent Republicans and Democrats, says yes. Five years following the financial collapse, King is wanting to bring the Glass-Steagall Take action back, originally created after The Great Depression to split up commercial and investment bank. That restriction was later repealed in 1999 under the Clinton administration. He joins Marketplace Morning Report host David Brancaccio to explain. Click on the audio player above to listen to more.
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- Lesser investment amount
- Downright dangerous
- It is first released at that time the scheme is launched
- 2013 US Airways and American Airlines
- Describe the main top features of futures, forwards, swaps and credit derivatives
500 million of additional capital. 2 billion it invested in WaMu in April. 6 billion funds it raised this year to make distressed investments in the financial sector, according to a TPG investor. Ok, we know the situation is desperate though. TPG have access to the books. I don’t. They waived their anti-dilution clause so they are clearly …