The responses to this proposal in this thread are what I would have read on DU in ‘12
So called conservatives on FR are endorsing major gov’t interference into how banks run their businesses.
You mean interference like not letting them gamble with consumers’ money?
Banks are already involved in a very incestuous relationship with the government.
I'm fine with eliminating all government regulation of banks, but only if banks agree to eliminate all government protection of their assets.
The problem you have in a deregulated environment is that large banks end up conducting business as a matter of course in environments where they have inherent conflicts of interest.