BoA CEO: Increase regulation on investment banks

[romulusnr]

"Lewis said the U.S. Federal Reserve's decision in March to open its discount window to investment banks should subject them to "more of the oversight, capital requirements and business restrictions" that commercial banks face.

"The logic seems pretty clear," he said. "If you're going to have a public backstop, you need to subject yourself to public oversight."

This is AFTER they bought a huge investment bank.

Investment banks are subject to LESS regulation than consumer banks? Gee, I wonder how things could have POSSIBLY gotten out of hand!

This is the outcome of decades of failed conservative and Third Way policies. Frankly, I wonder if Obama with his compromise tendencies will go far enough. America needs an un-fucking like nobody's business, and meeting corporocratic influences "half way" won't suffice.

Still, McCain will go in the completely wrong direction, that is, the one we've been on not just for 8 years but more like 28 years. (Sorry Clinton venerators, it's the sad truth.)

[Fresh_Start]

1. Administer the existing regulations on

consumer and commercial banks as well.

[DJ13]

2. Well, gee, thats a great idea

....now that the "Big 5" investment banks are either bankrupt and out of business or became commercial banks last week you idiot!

[angstlessk]

3. I was just getting ready to ask...are there any investment banks left?

of course not any that matter! and now investment bank has the same connotation as 'liberal'..

[anigbrowl]

4. No, as you point out there are none remaining. It's a meaningless statement.