John - I asked you to substantiate the view that reinstating Glass Steagall would address 21st century banking abuses.
And I agree that better, deeper and broader regulation would be appropriate. I think Gabbard's promotion of reinstating Glass-Steagall is at best sentimental, at worst poorly informed, and in any event probably not much of an answer to contemporary banking issues.
If you want to find out why liquidity has become the compass point for FDIC insurance, as opposed to specifically-directed asset portfolios set by law, here's a helpful piece of information from the FDIC.
Your right, sort of like stale beer
John - I asked you to substantiate the view that reinstating Glass Steagall would address 21st century banking abuses.
And I agree that better, deeper and broader regulation would be appropriate. I think Gabbard's promotion of reinstating Glass-Steagall is at best sentimental, at worst poorly informed, and in any event probably not much of an answer to contemporary banking issues.
If you want to find out why liquidity has become the compass point for FDIC insurance, as opposed to specifically-directed asset portfolios set by law, here's a helpful piece of information from the FDIC.
https://www.fdic.gov/regulations/safety/manual/section6-1.pdf