Chicago Plan – why it never went anywhere
Debunking Economics - the podcast
Morgan Stanley's Separation From Commercial Banks
Hank Paulson's book on the brink is actually we produced on the dust jacket. We're actually going to do stuff on the cover. In that particular book, the dust cover explains him getting a call from the chief of Goldman Sachs. He says, well, how long have you got? And the answer was about three hours. So with the plunging value in the assets, and this is why they were separated because when you, if your asset portfolio is a bank, included shares,. Your assets fall 10%, your liabilities remain constant equity goes negative your bankrupt.
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