“How is twitter still free 😂💀”
Because of net neutrality. That’s how. And there’s a vote to repeal it in a week.
So why don’t you LMAOOOO your way on over to the messages app and text RESIST to 50409
@apralky Tend to be better at top-down analysis and understanding macro policy in general.
Equity traders are plenty smart and competent, but it’s a different arena with different paradigms.
Long live fixed income
It goes even deeper.
Senator Carter Glass, architect of the Glass-Steagall Act, intended the legislation to target large banking behemoths like National City Bank—not private partnerships like J.P. Morgan (with whom Glass had personal connections).
Only after public pressure from Winthrop Aldrich of Chase Bank (who deliberately sought to harm the House of Morgan) was the bill modified to include J.P. Morgan, an unintended casualty of Glass’s original legislation.
All detailed in @andrewrsorkin’s 1929.
Rereading this for the second time
It is incredible to think that before the Glass Steagall Act in 1933, Morgan Stanley used to be the investment banking division of JP Morgan
The legislation forced investment banks and commercial banks to separate from each other, resulting in JPM retaining the commercial banking side of the house and divested Morgan Stanley as a separate entity
Just imagine if these two banks consolidated together
Obviously would never happen today but indicative of the type of power and influence that JP Morgan had on economics, politics and society back in the day
@VivekGRamaswamy You have eviscerated all political capital.
Please let another republican run. There are other ways you can help the country you claim to love.
@willdepue Embed in an ereader, similar to Grok with tweets. There are so many times while reading a book I wish I could analyze it with an LLM and request additional contexts and insights.