In 1933, the United States passed the Glass-Steagall Act, which prohibited commercial banks from dealing in investments, and prohibited investment banks from doing commercial banking activities. This was a very sensible measure, and kept the banks in reasonable order until 1990. Unfortunately, in 1990, this Act was repealed – for reasons best known to the psychiatrists of the legislators…
September 25th, 2008 | William Rees-Mogg | 5 comments | Continued Our DR Global Editions: 
Sunday, March 21st, 2010
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The Markets
All Ordinaries 4890.10 +12.40
S&p/asx 200 4872.20 +9.10
Sse Composite Ind 3067.75 +21.66
Gold Mar 10 1107.40 -20.00
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Nikkei 225 10824.72 +80.69
DJIA 10741.98 -37.19
S&P 500 1159.90 -5.92
Ftse 100 5650.12 +7.50
2010-03-19 01:38 Most Comments
- Majority of Australians Believe House Prices Will Rise in Next Twelve Months (292)
- A Date for an Aussie House Price Collapse (251)
- Australian Housing More Unaffordable in 2010 (199)
- Australian House Prices Are Severely and Seriously Unaffordable (184)
- Tell Us What Questions You Want Answered in the DR (173)
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Shoes: "I think stocks will be fine because I have them" "I think property will be fine because that's what ...
Biker Pete | 21Mar10 | More -
Shoes: "I think we will have a correction and then we will get better..."
I think our kids may say: "I ...
Biker Pete | 21Mar10 | More -
"We need less government.."
Words cannot convey how much I agree with that Shoes.
Lachlan | 21Mar10 | More -
Where our deficits go..
To quote David Galland at Casey's.
"The city council has awarded Sydney artists Michaela Gleave and Kate Mitchell ...
Lachlan | 20Mar10 | More -
@Lachlan
Comment by Lachlan on 20 March 2010:
We need less expensive governments.
We need less government...
My mind boggles trying to understand why ...
Stillgotshoeson | 20Mar10 | More -
@Biker Pete
Comment by Biker Pete on 20 March 2010:
Interesting summary, Nick. It's likely that some locations are 'alarmingly overvalued' and ...
Stillgotshoeson | 20Mar10 | More -
My theory.
Oz has some good things going for it but some bad too.
Credit is tight for OZ consumer domestic now.
Money ...
Lachlan | 20Mar10 | More -
@nick
Hi Stillgotshoeson, I am bearish for US, UK & Europe, I am bullish for Global & very bullish for Australia. ...
Stillgotshoeson | 20Mar10 | More -
Hi Stillgotshoeson, I am bearish for US, UK & Europe, I am bullish for Global & very bullish for Australia. ...
nick | 20Mar10 | More -
The problem Nick with your "trickle down " theory is it is a farce...
The mining companies well may face a ...
Stillgotshoeson | 20Mar10 | More
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Shoes: "I think stocks will be fine because I have them" "I think property will be fine because that's what ...
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