Comment by Animats
20 days ago
Wells Fargo, maybe.[1]
And we need Glass-Stegall back. Banks and brokerages should be separate. There is no good reason that Goldman Sachs should be a bank, other than for bailouts, which is why they became a bank.
[1] https://www.macrotrends.net/stocks/charts/WFC/wells-fargo/to...
Can you explain why you think that commercial and investment banks should be separate? To be clear: Amoung highly developed nations, this is universally allowed now -- all of them allow commercial and investment banks within the same company.
Also, Goldman became a nationally regulated bank to get access to the Federal Reserve window. So did Morgan Stanley.
Because "too big to fail" produces moral hazard. Followed by bailouts. Like 2008.
The Treasury Department’s capital “stress tests” seem to have been a good thing, though?