Monday, June 7, 2010


"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

1 comment:

  1. About time someone in WDC starts listening, because at the rate things are going, pretty soon it's not going to matter.