CNBC Power Lunch December 16, 2009
out now here. nice sign for the last two weeks of the year. bring black glass steagall? who would have thought of it? senator mccain ask kantwell are introducing legislation to bring back the glass steagall act. that would require these banks to separate the commercial banks and investment houses. so bank of america, for example, they would have to split off merrill lynch. j.p. morgan would have to get rid of the bear stearns operation and citigroup split off smith barney essentially, but they would also have to divest other investment banking arms that they have there. so there we g...
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