http://i.imgur.com/j9TJzzN.gif

Holidays in Asia, Sri Lanka

Sri Lanka, wonder of Asia

Guesthouse, Villa, Bungalows

nicest beaches, crystal clear waters

Tangalle / Southcoast

Villa Araliya

now special offers

Global News Search

Please make the Cache directory writable.
Please make the Cache directory writable.
Please make the Cache directory writable.

Who's online

We have 326 guests online

Search

A+ R A-

Trump Admin's Mnuchin Backtracks on Glass-Steagall

``Warren tried repeatedly to get Mnuchin to explain what "21st century Glass-Steagall" is supposed to mean without separation of bank functions. Mnuchin threw out a bunch of noise about integrated banks not causing the financial crisis (though investment/commercial hybrids did provide the lion's share of the warehouse lending for mortgage originations that fueled the housing bubble, and hybrid bank Citigroup received the largest bailout of any financial entity), and how liquidity and lending would be affected by a Glass-Steagall type of separation (a common industry complaint).''

Read more: Implode-Explode Heavy Industries news feed