User talk:Cbowen4

I disagree with you. In terms of Glass-Steagal there are only investment banks or savings banks. Savings banks include 'savings and loan' banks. The difference is who backs the money (FDIC vs. FSLIC). Glass-Steagal removed the barrier between investment banks and savings banks (including savings and loans). THC Loadee 22:27, 3 June 2011 (UTC)

The FSLIC was abolished in 1989. See the Wiki article for details. A "Savings and Loan" has a specific meaning. Read the Wiki article. Yes, savings banks include savings and loans (which are technically "thrifts", not "banks". But, savings and loans are a subset of banking. The article wording is correct without "savings and loan", but not correct with it. For example, Citibank is NOT a savings a loan. But, Citibank was clearly a major issue example of gambling with depositors money. "Savings and Loan" has a specific meaning that is too restrictive in this article and should be removed. Cbowen4 (talk) 01:24, 5 June 2011 (UTC)

Alright, fair enough. How about the terms 'commercial bank' and 'investment bank'? Would that work for you? THC Loadee 16:58, 6 June 2011 (UTC) — Preceding unsigned comment added by THC Loadee (talk • contribs)

The terms 'commercial bank' and 'investment bank' are both perfectly reasonable in this context, though they seem redundant. Are there any 'non-commercial" banks? (There may very well be; I just don't know about them). The investment banks were clearly a major part of the problem, but also not all of the problem. Pretty much the entire banking industry was at fault in this mess, which is why I prefer to just leave it as "bank". Cbowen4 (talk) 17:04, 6 June 20

It's my understanding that a commercial bank is the term used for depositor (savings and loan) banks and investment bank is the term used for investing (wall street gambling) banks. This seperation, created by Glass-Steagal, has been dissolved by the Gramm–Leach–Bliley Act. The Volcker Rule seems to be Glass-Steagal lite. THC Loadee 16:17, 8 June 2011 (UTC)