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TARP – my way. Reinstate Glass-Steagall.

Posted on February 15th, 2009 in AXP, American Express, Banking Collapse, Banking Collapse of 1933, Bernard Madoff, Bernie Madoff, FDIC, G-S, GLB, GLB Act, GS, Glass-Steagall, Goldman-Sachs, Gramm-Leach-Bliley, MS, Madoff, Morgan-Stanley, Reinstate Glass-Steagall, TARP, Uncategorized , , , , , , , , , , , , , , , , , ,

The Gramm-Leach-Bliley [GLB] act repealed Glass-Steagall [G-S] – which was the law of the land here in the USA from 1933 to 1999. G-S created the FDIC, and prohibited large private banks – whose primary business is the investment business – from receiving deposits from the public. My Rx for America involves a dose of bitter medicine, and no money for bankers….

Published by Bapcha Murty // 5 Comments »

Risk Management Group – how good are they ?

Posted on September 24th, 2008 in Blythe Masters, Glass-Steagall, Gramm-Leach-Bliley, JP Morgan, RMG, Risk Metrics, Uncategorized , , , , ,

Since I wrote about Glass-Steagall, CDS’s [Credit Default Swaps], Blythe Masters and the Gramm-Leach-Bliley act in an older article, I had to reply to several private e-mails on how stupid the pricing of CDS’s were. Now, most CDS’s are priced and transacted in an unregulated environment. In fact, most of the larger investment banks [...]

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My take on the banking crisis – if Glass-Steagall was the law today.

Posted on August 28th, 2008 in Blythe Masters, Glass-Steagall, Gramm-Leach-Bliley , ,

Many prominent economists [mostly the ones who want to be considered for political appointments] have gone on record in recent weeks – saying that if Glass-Steagall was law today, the banking crisis would never have occurred. Glass-Steagall [G-S] a.k.a The Banking Act of 1935 [passed in 1933] was the law that created the FDIC and separated [...]

More on this topic (What's this?)
Decoding the NY Fed on Shadow Banking (naked capitalism, 7/20/10)
Richard Smith: Did We Wind Up With Any Reform of the Shadow Banking System? (naked capitalism, 6/28/10)
UK & US Banks: Profits Down while Staff Salaries Rise (Canadian Financial DIY, 6/28/10)
Read more on Banking at Wikinvest
Published by Bapcha Murty // 1 Comment »

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