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A comment on I Was Wrong about the Ethics Crisis (Moshe Vardi, CACM). Parent comment

Re:I Was Wrong about the Ethics Crisis (Moshe Vardi, CACM) by throwaway2037 on Monday December 30, 2024 @12:32AM (#42546751)
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.

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Re:I Was Wrong about the Ethics Crisis (Moshe Vardi, CACM) by Animats on Monday December 30, 2024 @04:01PM (#42553473)
Because "too big to fail" produces moral hazard. Followed by bailouts. Like 2008.
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