Oregonrain

Want to Reform Wall St.? Bring Back Partnership Investment Banks

I agree with this article. Others have made the same comment.

But it appears that once the individuals balance sheet was no longer on the line this "freed them up" to become a good deal more "innovative" I think the term was.

Funny how people behave very differently when it is their own money on the line and not OPM. This is a concept that as a small buiness person I am very familiar with. No small business person would or was allowed to lever up their balance sheets 30 or 40 to 1. It is insane. Yet...this was the standard operating procedure it seems on Wall Street.