Here’s the S&P 500 regional banks index versus the old skool S&P “investment banks” barometer (consisting of Goldman, MOST, Charles Schwab and E-Trade).

Guess which is which?

Also note the time. The fact that the Volcker-Obama proposals would be much more aggressive than previously expected leaked – spectacularly so.

F/T John Authers

This entry was posted by Paul Murphy on Thursday, January 21st, 2010 at 18:18 and is filed under Capital markets. Tagged with glass-steagall II, insider dealing. Edit this entry.