tag:blogger.com,1999:blog-3198915255127038100.post3434130209354880085..comments2023-09-01T05:27:58.305-04:00Comments on The Hourly G: DEPT. OF COMPLETELY POINTLESS: Financial Stability Oversight Council Announces Rules and RecommendationsGonzalo Lirahttp://www.blogger.com/profile/10596675676272535336noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3198915255127038100.post-5064987659724006382011-01-19T13:21:20.829-05:002011-01-19T13:21:20.829-05:00I don't buy that the repeal of Glass-Steagal i...I don't buy that the repeal of Glass-Steagal is what caused the banks to get into trouble. As property prices kept rising the banks viewed mortgage loans as less risky. It is only human nature to get greedy and I think the banks would have continued to lend into the peak of the real estate bubble just as recklessly. It may not have happened as quickly because without Glass-Steagal they had easier access to their own investment bank, but I think the end result eventually would have been the same.Anonymousnoreply@blogger.com