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Everything Old Is New

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Like, say, the Glass-Steagall Act of 1933?

Commercial banks should be separated from investment banks in order to avoid another crisis like the U.S. is experiencing, according to former Federal Reserve Chairman Paul Volcker.
"Maybe we ought to have a kind of two-tier financial system," Volcker, who heads President Barack Obama's Economic Recovery Advisory Board, said today at a conference at New York University's Stern School of Business.

Volcker Urges Dividing Investment, Commercial Banks [Bloomberg]


RBS Is Gonna Try Something New

For the last seven years, the bank has reported an annual loss. Unhappy with this outcome, the upper echelons of management apparently put their heads together and said, "What if every time we had an impulse to do one thing, we did the opposite?"


What If Everything Is About To Change?

Bull hell, there's always Kuroda, right?