Tag Archives: Volcker Rule

All Of The Sudden, Congressmen Were Talking About Reinstating Glass-Steagall On The Hill Today

I guess the prospect of possible jail time is getting them interested in doing what’s right? ~J Source: Business Insider Linette Lopez | 43 minutes ago   This morning, former Citigroup CEO Sandy Weill said that Wall Street banks needed to be split up so … Continue reading

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Morgan Stanley Bonds Trade at Junk Pricing, Downgrades From Mish: Coming; Will Morgan Stanley Survive? Top 5 Banks Collectively Have 45:1 Leverage

Morgan Stanley’s corporate borrowing costs are already way higher than Goldman Sachs and more downgrades are likely in the works. The Fiscal Times explains How Morgan Stanley sank to junk pricing  The bond markets are treating Morgan Stanley like a junk-rated … Continue reading

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Banks’ Glass-Steagall Walls Quietly Rebuilt (Update 1)

The undoing of the Glass-Steagall legislation, during President Clinton’s term in 1999, is what permitted the banks to create the worldwide chaos we’ve now been enduring for many years! ~J By Dan Freed | TheStreet.com – 4 hours ago Updated with commentary from KBW in … Continue reading

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Bank Lobby Widened Volcker Rule, Inciting Foreign Outrage – Bloomberg is now speaking out! Wow!

By Yalman Onaran - Feb 23, 2012 12:56 PM PT Bloomberg News U.S. banks pushed regulators to widen proposed restrictions on trading and hedge-fund ownership by foreign firms, then encouraged governments around the world to complain about the rule’s reach. The … Continue reading

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Goldman, Morgan Stanley May Shed ‘Bank’ Status: Analyst

by John Melloy | CNBC October 12 2011 Goldman Sachs and Morgan Stanley may shed the “bank holding company” classification in order to skirt the Volcker rule banning propriety trading with the firm’s own capital, according to Susquehanna Financial Group … Continue reading

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