[org.whodat]

The Gramm-Leach-Bliley Act of 1999 that the Democrats say caused these problems had nothing to do with the creation of subprime risky loans.

One 1000 percent wrong, up until this time banks were not allowed to co mingle their funds in stocks and bonds. Banks were banks, not investment stock brokers and stock clearing houses nor were they mortgage brokers. And this needs to be reversed, banks should be banks, and that is all.

[TruthWillWin]

One 1000 percent wrong, up until this time banks were not allowed to co mingle their funds in stocks and bonds. Banks were banks, not investment stock brokers and stock clearing houses nor were they mortgage brokers. And this needs to be reversed, banks should be banks, and that is all.

How did allowing banks to handle other product, insurance for example, help create subprime loans?

Banks were not mortgage brokers prior to deregulation? Seems I financed a home or two with a bank long before 1999? Actually deregulation allowed some banks that held subprime loans to diversify with more products and may prevent them from going under.