1. Tuesday, April 15, 2014 - 5:36 PM
Until the 'Glass-Steagall Act' separating commercial and investment banking is reenacted, it's all for naught.
2,613 posts since
Apr 6, 2010
Rep Points: 14,167
2. Tuesday, April 15, 2014 - 6:03 PM
It would never pass in the house but I am with you 100%.
Bank deposits should not be used for arbitrage or any other speculative transaction. It should stay on the banking side of an institution.
912 posts since
Jan 16, 2010
Rep Points: 2,655
3. Wednesday, April 16, 2014 - 8:08 AM
If the banks are going to need more capital, could this possibly mean they would actually need our deposits and maybe give us a bit higher interest rate to get the money? Doesn't sound like Yellen is eager to give it to them at zero interest rates.
1,372 posts since
Aug 10, 2011
Rep Points: 6,010