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Saft Says: Separate commercial and investment banking now

Tuesday, May 15, 2012 - 01:32

Reuters Columnist James Saft talks about JPMorgan's $2 billion losses and says it's time for banks and regulators to go back to Glass-Steagall and separate investment and commercial banking.

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I'm Jim staff columnist for -- -- Yeah -- made -- -- JPMorgan annual meeting. All in an office outside Tampa floor. We need in Florida -- two billion in losses that Morton's -- and one cheek and now. Instead questions wherever regulation. And any young and -- And interest and can't tell. I am elected he used to -- collaboration. Means -- -- regulators more. If we look at how crazy this morning it's working with an occupying force or -- Exactly the way that I think diamond in India -- you -- yeah. Handed or -- occupiers. Getting in the way and then making rockets and playing their proper little. Announced. Morgan and the other too big to fail banks easiest. Iran answer on. His government insurance to last and when she. The -- is all isn't -- light touch regulation or collaboration. Like getting the banks and investment. Investment bankers take terrorists made their profits and yeah. The deposit taking banks face. In other words. Back -- last eagle which were very well for years.

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Saft Says: Separate commercial and investment banking now

Tuesday, May 15, 2012 - 01:32