..in 1934, American lawmakers had s

..in 1934, American lawmakers had stripped investment banking out from commercial banking, out from commercial banking, investment bankers now underwrote securities, such as stocks and bonds. Commercial bankers, like Citibank, took deposits and made loans...
After glass-Steagall most people became invesment bankers. Now didn't actually know any commercial bankers, but a commercial bankers was reputed to be just an ordinary American businessman with ordinary American ambitions. He lent a few hundred million dollars each day to South American countries. but really, he meant no harm. He was only doing what he was told to do by someone higher up in an endless chain of command... He had i wife, a station wagon, 2.2 children, and a dog that brought him his slippers when he returned home from work as six,... An investment banker was a breed apart, a member of a master race of deal makers. He possessed vast, almost unimaginable, talent and ambition. If he has a dog it snarled. He had to litter reg sports cars yet wanted four. To get them, he was, for was man in a suit, surprisingly willing to cause trouble.