Comments on: Rollercoaster ride may be over, Ortiz says http://blogs.reuters.com/summits/2009/05/08/rollercoaster-ride-may-be-over-ortiz-says/ Exclusive outtakes from industry leaders Tue, 21 May 2013 10:40:12 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: OKJackGroup http://blogs.reuters.com/summits/2009/05/08/rollercoaster-ride-may-be-over-ortiz-says/comment-page-1/#comment-824 OKJackGroup Sun, 10 May 2009 23:09:07 +0000 http://blogs.reuters.com/summits/?p=2854#comment-824 We also believe that things have bottomed out. However, we should be thinking of how to prevent such events...not just breathe a sigh of relief. Since it was the wheeler dealers in financial institutions, markets and trading that brought this on...perhaps repealing the Gramm-Leach-Bliley Act might be a good first step, i.e., separate investment banking from deposit banking as was done by the Glass-Steagall Act in 1933 and as was repealed by "Gramm" in 1999. OKJackGroup oklahomajack.com We also believe that things have bottomed out.

However, we should be thinking of how to prevent such events…not just breathe a sigh of relief.

Since it was the wheeler dealers in financial institutions, markets and trading that brought this on…perhaps repealing the Gramm-Leach-Bliley Act might be a good first step, i.e., separate investment banking from deposit banking as was done by the Glass-Steagall Act in 1933 and as was repealed by “Gramm” in 1999.

OKJackGroup
oklahomajack.com

]]>