After raking off three quarters of a billion dollars, Sandy Weill now says it may be time to separate commercial banking from investment banking. On Wednesday Weill said, “What we should probably do is go and split up investment banking from banking,” He continued, “Have banks do something that’s not going to risk the taxpayer [...]
Tag: "housing crisis"
In late 2006, Americans were rolling along with 4.4% unemployment, the average price for a gallon of gasoline was $2.20, and America’s total national debt stood at $8.5 trillion dollars. When comparing the statistics above with those of today after Democrats took over both houses of Congress in ’07, held the Senate in the ’10 elections [...]