You say yes, I say no, you say why? I say I don't know
"SANFORD WEILL: I think that if you look to Europe or you look to Asia, organizations like ours already exist, where banks and insurance companies and investment companies are all part of what they call universal banks."
Newshour - 3 Nov 1999
Found that blurb this morning after reading the John Cassidy: The Minsky Moment in this week's New Yorker, which led me to search for information on the Glass-Steagall Act of 1933.
Why? I don't know. Other than being sick and tired of being sick and tired of writer's constructing neat little boxes from which they issue forth spew and slaughter rhetoric without once recommending solutions. Gets very, very, very old. Besides, it's a medical fact that long-term exposure to negative vibes makes people very crabby. One could go so far as to say "f*cking pissed".
Not me. I'm calm and cool these days. Yep, just a bundle of damn joy and happyness. Realizing that the majority of people so much love the mistakes of the past they crawl all over themselves to repeat it, I figure to just sit back and watch the rest of the show.
The "good" part will come back around after awhile.