The actual rule language exempts a transaction if it “results in actual delivery within 28 days or such other period as the Commission may determine by rule or regulation based upon the typical commercial practice in cash or spot markets for the commodity involved;”
Originally posted by DannyboyUK
Not sure if this has been posted, but highlights the implications of "fixing things too much" to cause a negative effect.
Jamie Dimon Vs Ben Bernanke
In roughly 2 mins Jamie pretty much sums it up.
November of 1999 Congress repealed the GSA with the establishment of the Gramm-Leach-Bliley Act, which eliminated the GSA restrictions against affiliations between commercial and investment banks. Furthermore, the Gramm-Leach-Bliley Act allows banking institutions to provide a broader range of services, including underwriting and other dealing activities.