Question 1: What would a commercial banks balance sheet have looked like around 1973? What would an investment banks balance sheet have looked like? Considering Bear Stearns in 2007, was it a commercial bank or an investment bank?

(A lot has changed about the scope and functions of the U.S. financial institutions in the last several decades. The introduction section of Chapter 1 and the Appendix of the case quickly summarize the history and the changes. The first few sections of Chapter 4 should also help learn more about brokers/dealers).