>The big 5 were previously under no regulation as to their leverage ratios. ... | Hacker News

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veritas on Sept 22, 2008 | parent | context | favorite | on: Goldman, Morgan to Become Full-Fledged Banks

>The big 5 were previously under no regulation as to their leverage ratios.

http://www.nysun.com/business/ex-sec-official-blames-agency-... That article suggests that the SEC enforced a 12:1 ratio for banks... or am I getting incorrect information?

eru on Sept 22, 2008 [–]

I guesse, the big 5 were not 'banks'.

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