Why Reinstating Glass-Steagall Would Increase Risk

The transcript discusses the potential reintroduction of Glass-Steagall and its impact on major banks like JP Morgan and Wells Fargo. It explores the implications of separating commercial and investment banking, arguing that diversified revenue streams benefit investors. The conversation also touches on the Volcker Rule, suggesting a focus on trading revenue limits rather than activity type to manage financial risk.

What are the arguments for and against the idea that increasing financial risk in the marketplace could affect customer access to financial products?

Discuss the complexities of commercial banking compared to traditional investment banking as mentioned in the text.