[expat_panama]

A lot of freepers say we need Glass Stiegel again, that repealing it in the '90's caused the '09 crisis, and it doesn't matter that what was 'repealed' was two out of the 34 G-S sections while dozens more laws were passed.

They're wrong.

[CommieCutter]

You can go back to the National Home Ownership Strategy from 1994 or 1995 and read it in pdf. It clearly states the network it will create, the cheaper made housing, secondary investment markets, increase in loan defaults etc.

[Wolfie]

We’ll bail out the banks again and again until the final collapse.

[Alberta's Child]

There may not have been a direct cause-effect relationship between the deregulation of the banking industry in the late 1990s and the collapse of the real estate market in 2008, but that's a poor argument to make against the re-institution of the Glass-Steagall regulations.

There's simply no way in hell that a bank whose deposits are guaranteed by the Federal government should ever be permitted to engage in risky -- even speculative -- lending and investment practices. The whole purpose of Glass-Steagall was to separate the commercial banking industry from the mortgage banking industry. The operating environments for these two industries are so different -- largely due to different tax laws and the aforementioned depositor protection -- that they should function completely separately.

[GraceG]

Regulation should be:

1. Simple
2. Evenly enforced
3. Bare minimum needed

We have never had regulation like this, it is either too complex, selectively enforced, totally overbearing, or all three at once.

[InABunkerUnderSF]

The two most discredited terms in the political lexicon are “reform” and “deregulation”.

[i_robot73]

Boy, who knew? Govt tasked w/ supporting an economy? /s

Does one expect the outcome of Fascism, Socialism, explosive growth of govt and a fiat currency.

Maybe the TRUTH of getting back to the constraints of our Constitution should be at the forefront instead of quibbling about nibbling around the edges of the effects of govt.