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1975
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Wall Street Breakfast: Must-Know News [View article]
"The massive support extended to the banking sector around the world, while necessary to avert economic disaster, has created possibly the biggest moral hazard in history,"
Amen!!
But here in America with our corrupt politicians.
Meanwhile, on this side of the Atlantic, Paul Volcker keeps pounding the desk to split up banks, but no one's listening.
Additionally.... "It's going to be very difficult for upstart or broad-based firms to come in and usurp what many believe are the insurmountable leads that Goldman and JPMorgan have over competitors.
Don't expect Washington to change.
Wall Street Breakfast: Must-Know News [View article]