To: Stentor; Grampa Dave; tubebender; calcowgirl; NormsRevenge; Amerigomag; bruinbirdman
A lot of people get mislead when the former line between retail banks and investment banks gets blurred. The Glass Steagal act from the 1930's to correct this confusion was rescinded by Bill Clinton's pen. The bank lobbyist finally convinced the Senate and house banking committees that such a distinction between banking functions within the same corporation was completely out moded.
Now, as many of us howled at the time, the roosters have come home to roost and the roster in CONgress is still filled with too many of the creeps that let it happen... Like Lugar and Hatch (for instance) who've been there way too long!!! (and of course Dodd and Frank)
12 posted on
05/10/2012 10:12:07 PM PDT by
SierraWasp
("GovernMental austerity first, THEN conservative prosperity!!! Austerity breeds properity!!!)
To: SierraWasp
14 posted on
05/10/2012 10:20:57 PM PDT by
Stentor
("All cults of personality start out as high drama and end up as low comedy.")
To: SierraWasp
'rescinded by Bill Clinton's pen. '
And, overwhelming supported by the Dems and GOP.
16 posted on
05/10/2012 10:27:28 PM PDT by
Theoria
(Rush Limbaugh: Ron Paul sounds like an Islamic terrorist)
To: SierraWasp
30 posted on
05/11/2012 7:44:47 AM PDT by
Grampa Dave
(ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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