Entries tagged "Glass-Steagall"

Sullivan & Cromwell's Cohen on Glass-Steagall

Sullivan & Cromwell managing partner Rodgin Cohen says that one of the myths of the Great Recession is that the abolition of Glass-Steagall was responsible for the financial crisis.

Europe, the U.S. and breaking up the banks

With the recovery at least beginning, European and now British regulators are clearly leaning toward a more competitive banking system with smaller players.

Breaking up the banks, continued

You think the future is predictable? How much would you have wagered a few weeks ago that breaking up the banks would be roiling the Zeitgeist? But it is.

Considering a modest proposal to break up banks

Despite the suggestion of Pascal-Emmanuel Gobry of the blog The American Scene, breaking up the banks is not as modest a proposal in practice.

After the G-20: Populism and the technocrats

The current financial crisis has created strange bedfellows between populists and technocrats who both support localism, and a return to Glass-Steagall.

A few questions for the WSJ's future of finance

The Journal's "Future of Finance" series poses more questions than answers about how to avoid another crisis.

The pros and cons of a new Glass-Steagall

Presidential adviser and former Fed chief Paul Volcker argues for a return to Glass-Steagall's walls, but the price we'd pay for such reform may be high.

The problem with private partnerships, part 2

Well, here's a meme that's picking up speed as it bounces down the hill: Wall Street (whatever that means these days) needs to return to the days of private partnerships.

Why Glass-Steagall matters and why it doesn't

The Internet is filled with chatter about how the 1999 repeal of Glass-Steagall led to the current credit crisis, but is it just another Internet urban legend?

The Times, private equity and the banks

The New York Times on Sunday offered up an editorial that decried the push by private equity firms to invest in banks. No big surprise there; the Times has long treated private equity with deep suspicion over its lack of "transparency" and dearth of regulation. The Times actually comes around to admitting that without PE capital some banks might fail, but such is life: "It would be a mistake to signal to global markets and American citizens that the government is willing to put expediency above long-term stability."...

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