On Nov 8, 2011, at 9:33 PM, 123hop at comcast.net wrote:
> Right, but didn't B of A just move a whole lot of speculative accounts over to their FDIC guaranteed banking sector?
This is exactly the problem. Half-serious banking regulation would require "ring-fencing," as the Brits say, the speculative stuff and leaving the deposit-funded bread and butter banking, like commercial & industrial and routine consumer loans separate. The latter would be FDIC guaranteed. The former, they'd be on their own.
Doug