“Still, bringing back Depression-era regulations, such as the Glass-Steagall Act that separated deposit-taking institutions from investment banks, would be difficult, Blankfein said. “It’s hard to turn back the clock,” he said.”

Separating the inherently conflicting interests represented by commercial banks, investment banks and insurance companies is the only solution. We can’t do that? That is what the Glass-Steagall Act did. As difficult as it may be, we need to at least go back to what works.

These guys are categorically eliminating the obvious solution to the problem for reasons they refuse to specify. The alternative to efficient and effective regulation is oppressive bureaucracy. These guys want neither but will get the latter. So be it.

A generation that was educated in one-room school houses managed to put men on the moon. Why can’t today’s elite ivy leaguers do anything right? Have their lives gotten so intellectually bankrupt that they are metaphysically incapable of solving this problem?

this guy is a Bush appointee. Voters threw all them under that big yellow bus in November.

If that were the rationale behind this story, maybe Geithner should be running the Treasury all by himself.

Hope and change is all we are going to have left after Obama’s economic Keystone Kops are done with our economy and country….

On March 27th, 2009 at 11:57 am, lgm said:

This is a good thing. If we keep refusing people for ethics violations, maybe we’ll get an ethical government.

Also, this guy is a Bush appointee.

Yeah, he was probably caught paying his taxes or hiring a legal immigrant. We don’t what that kind of behavior on Team Obama.

On March 27th, 2009 at 11:57 am, lgm said:

This is a good thing. If we keep refusing people for ethics violations, maybe we’ll get an ethical government

Yep – ethical just like Geithner

On March 27th, 2009 at 1:16 pm, cheapseat said:
war tip, both vince foster and the black department head whose g4 fell out of the sky.

Are you referring to that political hack, the late Ron Brown?

Face it folks. The globalists have a stranglehold on the entire system right down to controlling lexicon of terms by which the issue can be framed and discussed.

Disclosure is also a taboo subject. Jon one is to restore confidence to markets but disclosure plays no role. The mafia logic of liars, weasels and crooks.

On March 27th, 2009 at 1:16 pm, cheapseat said:
war tip, both vince foster and the black department head whose g4 fell out of the sky. i can’t remember his name, just bill walking out of his funeral and joking with some of his staff, and then spotting that he was on camera, and going from laughing to crying in 1 step.

I actually could not remember Vince Foster’s name and did a google search with a variety of terms that I thought were related. Some of those pages looked to be on the verge of paranoid but some of the results were pretty scary!