Glass-Steagall

[Enrique Diaz-Alvarez]

> FDIC
> (and is this going to disappear, does anybody know?).

Are you kidding? Socialization of risk and financial losses is the centerpiece
of modern capitalism. Not only FDIC will not be abolished, the mergers will
extend it to investment banks, thus making the implicit taxpayer guarantee of
every major and midsize financial institution explicit.


>
>
> Tom Frank