Thursday, April 29, 2010


"The problem is the business model," Spitzer said. "The banks are playing so many roles with so many people... that nobody knows to whom they owe a duty of loyalty. Most of what they do has nothing to do with the public purpose that we want investment bankers to play."--Elliot Spitzer

1 comment:

  1. Enough already--they need to separate the IB function from the bank function from the insurance function. What is the problem with these pinheads? It worked from the time of the post-Depression fixes until it was screwed up in 1999.