Originally Posted by
Aero1900
Didn't the Dodd Frank act that was created after the bank bailouts require them to keep more cash on hand?
It was basically what Rickair7777 was suggesting. A regulation that requires enough capital on hand to survive more than 3 weeks without needing to be bailed out. And maybe it would say that they can't do stock but backs until they have 3 months operating capital on hand.
I dunno
great idea. And congress may grudgingly implement something like that. A few years later after after this saga is a distant memory with some industry lobbying a Republican controlled legislature will peel back the regulations as a sacrifice to the laissez faire gods
buying back stick used to be illegal
investment banking used to be separate from personal banking by law
it used to be easier to form a union
corporations used to be soulless profit making entities and not endowed with human qualities
we never learn