Latest Breaking News On - To banks - Page 1 : vimarsana.com

once again of having to bail them out. michael, inmy view, what we need to do as a country is have our financial institutions not engage in gambling, which jp morgan chase did. they lost money because they were gambling. they made a bad bet. we don t need our large financial institutions betting. we need them investing in the economy and creating jobs. you and jesse jackson have been on the forefront of asking for the glass act. tell us how that could help in a situation like this when these derivatives have been known about. tell us about glass stegall and why it was important. it was inacted in the 1930s. it said when the federal government is going to provide insurance, fdic insurance to banks, you cannot have investing banks are merging with insurance

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