>The trouble with that argument is that most of the world does not have and never has needed a Glass-Steagall act. Actually that was one of the justifications for dropping it. Take this to its natural conclusion and it's still a strike against US bankers who apparently need extra supervision or they trash the place.
Well, don't forget the pressure from the government to finance the 'risky' mortgages. That's at the heart of the problem. I've posted those links before. Started with Clinton and Bush made it even worse.
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"When the debate is lost, slander becomes the tool of the loser." - Socrates
Vita contingit, Vive cum eo. (Life Happens, Live With it.)
"Life is not measured by the number of breaths we take, but by the moments that take our breath away." -- author unknown
"De omnibus dubitandum"