I will donate $1000 to the DNC now if someone explains how G-S caused Lehman to fail.

[jsmirman]

59. You really are trolling

It has been explained to you repeatedly how the changes brought on by the repeal of Glass-Steagall created all the conditions for Lehman's collapse and the overall crash - both in 1) the creation of size in the market that led to wild irresponsibility - size that would have been impossible without the entry of the commercial banks and 2) in the entry of competitors into Lehman's space that Lehman went bust chasing after.

Now I really am sick of repeating my damn self, and am going to sleep, so if the not responding to me again thing is a promise, not a threat, that would be smashing.

And btw, for another element of Glass-Steagall's repeal damaging Lehman - one which has not been brought into the conversation yet - that repeal cut into the investment banking profits of Lehman and the other I-Banks, as yabbos like Chase got healthy pieces of the i-banking pie from companies that relied on Chase as their commercial banker. They got cut in not because they brought one lick of i-banking knowledge to the deal, but because as they liked to say, "The Right Relationship is Everything."

I know, because I saw it first hand.

Now buzz off.