Hey Barry:
So your banker plan leaves them guys with lending, selling stocks and insurance.
OK, I hears you put in a strict regulation that they have to prove they won't go belly up.
But, here's the thing: Who's gonna make loans?
Met a laid off banker veep the other day. Wanna know how she pays the rent now?
She sells partnerships in commercial real estate loans. That's right, she makes the loans the bankers are too busy to make.
We need the loans and we want you to regulate them. But, how's that gonna happen if bankers are too busy with insurance and stocks to diddle with loans?
Am I gonna have to set up a deal with three doctors and a drug dealer to buy a five year old Honda? What the hell.
It's a real question Barry - take a look.
Your pal,
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