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Will bank regulations have traction?
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About the author
Steve Chiotakis was the host of Marketplace Morning Report until January 2012.
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JULI NEIMANN: "If they sell it right, 'cause the key here is that it's not about size, but about risk....
Investment banking . . . . is not banking: There's high returns, high risk, high and high salaries and bonuses that go with it."
So, an investment bank that gets really big (even too big to fail?) and plays fast and loose with its own money won't need regulation because it's not a "traditional bank?"
That means we didn't need to bail out all those risky financial institutions -- no matter how big they got -- because they weren't banks?!?
Wow.
I want my $3.3 Trillion back.
