[EandH Dad]

I’m no Rocket Surgeon but even I could see removing the barriers between the commercial and investment banking was a very bad idea.

[SauronOfMordor]

It’s the whole “too big to fail issue”. If banks are limited to conventional investments like loans and mortgages, an economic downturn where some people default will damage this years profits and bonuses. If they are heavily invested in derivatives, one major failure can threaten to bring down the system, like in 2008, and require a massive bailout.

[vette6387]

“I’m no Rocket Surgeon but even I could see removing the barriers between the commercial and investment banking was a very bad idea.”

The evidence of the repeal of Glass-Stegall is there for all to see. You don’t have to be a Rocket Surgeon. This change allowed the Banksters to loot the country and get the country to pay for the damage they caused, while their kids still went to high-end private schools unabated.

[M-cubed]

I could see removing the barriers between the commercial and investment banking was a very bad idea.<<

Exactly.....Thank Bill Clinton.....removing the barriers caused “Too big to fail”...allowed the fox to guard the hen-house and allowed a few BIG Banks to drive out competition and steal a fortune and rig the system.....it caused the banking crisis and in effect, it's a MONOPOLY....(IMHO)