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Comment by throwaway2037

1 year ago

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.