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The lessons were learned several generations ago, now that glass-stegal and
the other protections have been dismantled under the mantra of free
enterprise and deregulation, it would seem that the time for another lesson
may not be far away. What is truly incredible is that LTCM was a warning
shot across the bow which seems to have been pretty well ignored.
Earl
----- Original Message -----
From: "Ira Tunik" <irat@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, August 18, 2001 8:09 PM
Subject: Re: [RT] Derivatives
> I believe that
> the banks should be in banking, not in stock, insurance and other
financial
> areas. Didn't we learn anything from the 20s? Insurance companies should
> remain in the insurance business and the brokerage business should remain
in
> their areas of expertise. Just one mans opinion.
>
> "Jacobson, Alex" wrote:
>
> > Back to the fundamental issue. Don't the tax payers get some of the
> > benefits? Where would you suggest the risk should reside. If your
futures
> > b
>
>
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>
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