Chapter 1226
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The current isolation mechanism between commercial banks and investment banks in the United States originated from a law introduced in the 1930s after the Great Depression to reform the US banking system - the "Glass-Steagall Act". Naturally, it is to control unrestrained speculation.
The specific content of this mechanism is very complicated, and in the past sixty years since its launch, after continuous games between various forces and a series of adjustments, it has become more complicated than it can be described in words. Try to put it bluntly. In other words, a wall of separation has been erected between commercial banks and investment banks.
To illustrate the complexity here, for example, commercial banks can still extend their tentacles into the field of stock trading through a roundabout way, that is, set up a trust department to buy and sell stocks on behalf of customers in the name of trust.
In fact, in 1988, some forces began to operate, trying to abolish the "Glass-Steagall Act", but failed.
In the eyes of discerning people like Gao Xian and Greenspan, the abolition of the Glass-Steagall Act should only be a matter of time, and it is nothing more than a more appropriate timing and a stronger thrust.
As for now, there is no need for Gao Xian to challenge the rules of this kind of game in the limelight, and it is not his turn. Even looking at it from a broader perspective, this expected end-of-life stage is a valuable development buffer that should be used well.
In recent years in the U.S. capital market, while Gao Xian has focused on investment banking, he has also made some arrangements in the field of commercial banking. For example, he was tricked by American Express CEO James Robinson III in the corporate political struggle of American Express. After going around and around, Sanford Weir, who had no choice but to come out to start a new business, was spotted by Gao Xian and made a bet.
It's just that, so far, these layouts are either limited in effectiveness or belong to equal cooperation, but Huifeng Bank, which should be tidied up, has more room for operation and actual control.
It is necessary to point out that the history of Huifeng Bank's business expansion in the US market is not just from the acquisition of the Oceanic Miran Bank of the US for more than ten years. It can be traced back to the private gathering of Gao Xian and Greenspan Long, eating and drinking, talking and laughing, the communication is almost done, so I went to my own business.
There were too many people staring at the White House. At this time, Gao Xian didn't want to move forward, but it didn't prevent him from having private contact with some of Bush's staff and the Bush brothers, and passing on some interest demands.
The people around Senior Bush have already started to make some preparations for next year's re-election campaign. Gao Xian reckons that once the Cold War is over and Senior Bush becomes the president of the United States, he may not have such a big impact on the real powerful people in the deep society of the United States. However, Bush’s seniority and prestige in the political arena and his mature governance concepts may even become obstacles. It is better to change to a new president with less seniority.
Whether this kind of sign will appear or not will be seen in the first half of next year. It will not be too late to sell personal favors and order a little bit of the Bush family at that time. There is no need to spoil the fun at this time.
William Miller, CEO of Etc. & Co. America, Ronald Zeigler, CEO of Gulf Occidental, Barry Diller, CEO of Paramount, Michael Blue, CEO of Howard Hughes When Mensall and these credible core members in his own circle gathered, Gao Xian was not intentionally reserved, and his predictions about the situation in the Soviet Union were more certain in order to consolidate his authority.
As a result of conveying this message, a series of special companies are preparing to be established. Chaos is also a rare opportunity to do business and make a fortune, so there is no need to miss it.
If someone really murmured in their hearts, they would soon dismiss it even more convincingly before the end of the year.
The world has really entered the era of unipolarity!
And for Gao Xian, to be more precise, a new era has begun!
Gao Xian sorted out his harvest and returned to Xiangjiang with a full load. First, he went to meet the Hong Kong governor Wei Yixin, who was a little suspicious because of the lifelong nobleman from London.
(end of this chapter)
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The current isolation mechanism between commercial banks and investment banks in the United States originated from a law introduced in the 1930s after the Great Depression to reform the US banking system - the "Glass-Steagall Act". Naturally, it is to control unrestrained speculation.
The specific content of this mechanism is very complicated, and in the past sixty years since its launch, after continuous games between various forces and a series of adjustments, it has become more complicated than it can be described in words. Try to put it bluntly. In other words, a wall of separation has been erected between commercial banks and investment banks.
To illustrate the complexity here, for example, commercial banks can still extend their tentacles into the field of stock trading through a roundabout way, that is, set up a trust department to buy and sell stocks on behalf of customers in the name of trust.
In fact, in 1988, some forces began to operate, trying to abolish the "Glass-Steagall Act", but failed.
In the eyes of discerning people like Gao Xian and Greenspan, the abolition of the Glass-Steagall Act should only be a matter of time, and it is nothing more than a more appropriate timing and a stronger thrust.
As for now, there is no need for Gao Xian to challenge the rules of this kind of game in the limelight, and it is not his turn. Even looking at it from a broader perspective, this expected end-of-life stage is a valuable development buffer that should be used well.
In recent years in the U.S. capital market, while Gao Xian has focused on investment banking, he has also made some arrangements in the field of commercial banking. For example, he was tricked by American Express CEO James Robinson III in the corporate political struggle of American Express. After going around and around, Sanford Weir, who had no choice but to come out to start a new business, was spotted by Gao Xian and made a bet.
It's just that, so far, these layouts are either limited in effectiveness or belong to equal cooperation, but Huifeng Bank, which should be tidied up, has more room for operation and actual control.
It is necessary to point out that the history of Huifeng Bank's business expansion in the US market is not just from the acquisition of the Oceanic Miran Bank of the US for more than ten years. It can be traced back to the private gathering of Gao Xian and Greenspan Long, eating and drinking, talking and laughing, the communication is almost done, so I went to my own business.
There were too many people staring at the White House. At this time, Gao Xian didn't want to move forward, but it didn't prevent him from having private contact with some of Bush's staff and the Bush brothers, and passing on some interest demands.
The people around Senior Bush have already started to make some preparations for next year's re-election campaign. Gao Xian reckons that once the Cold War is over and Senior Bush becomes the president of the United States, he may not have such a big impact on the real powerful people in the deep society of the United States. However, Bush’s seniority and prestige in the political arena and his mature governance concepts may even become obstacles. It is better to change to a new president with less seniority.
Whether this kind of sign will appear or not will be seen in the first half of next year. It will not be too late to sell personal favors and order a little bit of the Bush family at that time. There is no need to spoil the fun at this time.
William Miller, CEO of Etc. & Co. America, Ronald Zeigler, CEO of Gulf Occidental, Barry Diller, CEO of Paramount, Michael Blue, CEO of Howard Hughes When Mensall and these credible core members in his own circle gathered, Gao Xian was not intentionally reserved, and his predictions about the situation in the Soviet Union were more certain in order to consolidate his authority.
As a result of conveying this message, a series of special companies are preparing to be established. Chaos is also a rare opportunity to do business and make a fortune, so there is no need to miss it.
If someone really murmured in their hearts, they would soon dismiss it even more convincingly before the end of the year.
The world has really entered the era of unipolarity!
And for Gao Xian, to be more precise, a new era has begun!
Gao Xian sorted out his harvest and returned to Xiangjiang with a full load. First, he went to meet the Hong Kong governor Wei Yixin, who was a little suspicious because of the lifelong nobleman from London.
(end of this chapter)
The current isolation mechanism between commercial banks and investment banks in the United States originated from a law introduced in the 1930s after the Great Depression to reform the US banking system - the "Glass-Steagall Act". Naturally, it is to control unrestrained speculation.The specific content of this mechanism is very complicated, and in the past sixty years since its launch, after continuous games between various forces and a series of adjustments, it has become more complicated than it can be described in words. Try to put it bluntly. In other words, a wall of separation has been erected between commercial banks and investment banks.To illustrate the complexity here, for example, commercial banks can still extend their tentacles into the field of stock trading through a roundabout way, that is, set up a trust department to buy and sell stocks on behalf of customers in the name of trust.In fact, in 1988, some forces began to operate, trying to abolish the "Glass-Steagall Act", but failed.In the eyes of discerning people like Gao Xian and Greenspan, the abolition of the Glass-Steagall Act should only be a matter of time, and it is nothing more than a more appropriate timing and a stronger thrust.As for now, there is no need for Gao Xian to challenge the rules of this kind of game in the limelight, and it is not his turn. Even looking at it from a broader perspective, this expected end-of-life stage is a valuable development buffer that should be used well.In recent years in the U.S. capital market, while Gao Xian has focused on investment banking, he has also made some arrangements in the field of commercial banking. For example, he was tricked by American Express CEO James Robinson III in the corporate political struggle of American Express. After going around and around, Sanford Weir, who had no choice but to come out to start a new business, was spotted by Gao Xian and made a bet.It's just that, so far, these layouts are either limited in effectiveness or belong to equal cooperation, but Huifeng Bank, which should be tidied up, has more room for operation and actual control.It is necessary to point out that the history of Huifeng Bank's business expansion in the US market is not just from the acquisition of the Oceanic Miran Bank of the US for more than ten years. It can be traced back to the private gathering of Gao Xian and Greenspan Long, eating and drinking, talking and laughing, the communication is almost done, so I went to my own business.There were too many people staring at the White House. At this time, Gao Xian didn't want to move forward, but it didn't prevent him from having private contact with some of Bush's staff and the Bush brothers, and passing on some interest demands.The people around Senior Bush have already started to make some preparations for next year's re-election campaign. Gao Xian reckons that once the Cold War is over and Senior Bush becomes the president of the United States, he may not have such a big impact on the real powerful people in the deep society of the United States. However, Bush's seniority and prestige in the political arena and his mature governance concepts may even become obstacles. It is better to change to a new president with less seniority.Whether this kind of sign will appear or not will be seen in the first half of next year. It will not be too late to sell personal favors and order a little bit of the Bush family at that time. There is no need to spoil the fun at this time.William Miller, CEO of Etc. & Co. America, Ronald Zeigler, CEO of Gulf Occidental, Barry Diller, CEO of Paramount, Michael Blue, CEO of Howard Hughes When Mensall and these credible core members in his own circle gathered, Gao Xian was not intentionally reserved, and his predictions about the situation in the Soviet Union were more certain in order to consolidate his authority.As a result of conveying this message, a series of special companies are preparing to be established. Chaos is also a rare opportunity to do business and make a fortune, so there is no need to miss it.If someone really murmured in their hearts, they would soon dismiss it even more convincingly before the end of the year.The world has really entered the era of unipolarity!And for Gao Xian, to be more precise, a new era has begun!Gao Xian sorted out his harvest and returned to Xiangjiang with a full load. First, he went to meet the Hong Kong governor Wei Yixin, who was a little suspicious because of the lifelong nobleman from London.end of this chapter
