I may be on board with Obama for once. I just read where he was proposing this morning to limit commercial banks from investing like investment banks. Basically going back to Glass-Steagall type regulations. Don't know much about it, just read it but on the surface I think this may be a rare move I agree and support Obama on.
The president's new proposal restricts commercial banks and prevents them from investing in speculative or risky investment banking activity, including proprietary trading of their own accounts such as mortgage-backed securities.
The proposal also seeks to prohibit commercial banks from investing in or advising hedge funds and private equity firms.
http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches.aspx?post=1569550
The president's new proposal restricts commercial banks and prevents them from investing in speculative or risky investment banking activity, including proprietary trading of their own accounts such as mortgage-backed securities.
The proposal also seeks to prohibit commercial banks from investing in or advising hedge funds and private equity firms.
http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches.aspx?post=1569550