Cohn Said to Back Split of Lending, Investment Banks

The transcript discusses the dynamics of banking, focusing on the potential impact of separating investment and retail banking. It highlights the relative positions of major banks like JP Morgan and Goldman Sachs, and the regulatory challenges involved. The conversation touches on the concept of 'casino banking' and the risks associated with it. The discussion also explores the idea of expectation management in the context of potential legislative changes, noting past bipartisan support but the difficulty of passing such measures through Congress.

How has the historical bipartisan support for banking legislation influenced current discussions?

What challenges are associated with passing legislation for banking separation in Congress?