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The wildest salvation scheme for Goldman Sachs, Morgan Stanley and the securities system at large was a plan from the Federal Reserve to give these speculative institutions access to cheap loans from the central bank.
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Speculative raids on powerful institutions at the heart of the country's business system have set pulses racing in Milan and Rome.
The financial regulatory system that emerged from the New Deal was meant to protect us from the recurrence of such a catastrophe by reducing the amount of borrowed money used by major financial institutions in speculative schemes.
That, especially given the lessons learned over the past months and the billions -- no, trillions --placed a grisk risk through guarantees and at public cost to grossly mismanaged financial institutions freighted with speculative excess.
The Liberal Democrat Treasury spokesman, Vince Cable, has been among those urging a return to "narrow banking" with high-street institutions restricted over any speculative investment activities.
Take lobbying on the Volcker Rule, a controversial portion of the Dodd-Frank law that would prevent depository institutions from making certain speculative bets.
She needs to get the agency to be proactive rather than reactive in confronting fraud, speculative excesses, and out-of-control financial institutions.
And both parties competed strenuously for Wall Street campaign funds by eviscerating New Deal controls on speculative activity and the size of financial institutions.
He thinks restrictions on executive pay and on speculative trading in securities are unnecessary for the smallest institutions.
On a daily basis, the financial institutions of the City of London make speculative currency trades worth nearly as much as the entire nation's GDP for a whole year.
Our study represents the experience of one institution; whether a different reader group or involving readers from various institutions would have yielded different results remains speculative.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com