the cost of pre-emption at the expense of state jurisdiction in glenn theobald common sense only because it clearly demonstrates the security regulators in their structure actually work. . . therefore is created a huge regulatory vacuum, which is highly significant because these deals are often billion-dollar deals that have an effect on our economy. today no one regulates the thought erring. nasaa says they should regulate the authority in all five or six offerings. since the repeal of the glass-steagall act with greenwich bliley with an excessive risk taking emerge within institutions with federally insured deposits. which examined yesterday. key activities of investment banks are incompatible with the special your commercial banking. these include underwriting and dealing in securities derivatives of such securities, principal invested and managing in-house hedge funds. i believe that a non-bank financial intermediation industry would quickly emerge following glass-steagall type reregulation, but it would be one that was populated at transparent firms that won themselves to straightfo