Hey Barry:
Its great thang for y'all - the bank reform is a deal. Now, y'all gotta git it passed.
Read it here: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/06/25/national/w071734D03.DTL
Read list of deal points here: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/06/25/national/w072553D07.DTL
I'm not seein the Volcker rule - no BS stocks as part of reserves. If'n we don git that, we is doomed to be back here in five years, guaranteed. Now it may be in the rule that a bank kin own only 3% of capital in BS stocks - mebbe thas it. If its not there, ya gotta fix that Barry.
But, big congrats to all y'all up there - sumthin we really need. Course, y'all kin make some adjustments down the road and we is countin on ya ta do dat.
Keep on it, Barry.
Your pal,
Friday, June 25, 2010
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