Having the certainty of discount window access is exactly why the biggest commercial banks are the biggest swaps dealers.

FORBES: Swaps Split Could Cost Banks $85 Billion In Capital

If you believe the swaps dealers, the proposal to split swaps from commercial banking is going to have disastrous consequences.

FORBES: Swaps Split Could Cost Banks $85 Billion In Capital

If passed it would have big repercussions for the five biggest swaps dealers, which happen to be five of the biggest banks: Citigroup, JPMorgan Chase, Bank of America, Goldman Sachs and Morgan Stanley.

FORBES: Banks Fear Senate's Swap Desk Rules