"The entire capital formation process has broken down in the United States. We have to get back to what the whole point of banking and investment banking really is."
"As a policymaker in Washington your issue is if banks are lending in the domestic 50 states," he said. Policy-makers should not care how profitable banks are and if they can do "currency swaps in Australia,"
Richard Bernstein
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About time someone in WDC starts listening, because at the rate things are going, pretty soon it's not going to matter.
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