Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Milhous

Beautiful!

Rolling Stone showed Trump isn’t Gordon Gekko.

Even if he was, what’s wrong with greed if you earn it fairly?

Trump is rich but he didn’t earn his money by selling speculative products to unqualified buyers.


2 posted on 05/25/2016 7:52:45 PM PDT by goldstategop ((In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever))
[ Post Reply | Private Reply | To 1 | View Replies ]


To: goldstategop

Separating commercial and investment banking[edit]
Main article: Glass–Steagall: legislation, limits and loopholes
The Glass–Steagall separation of commercial and investment banking was in four sections of the 1933 Banking Act (sections 16, 20, 21, and 32).[1] The Banking Act of 1935 clarified the 1933 legislation and resolved inconsistencies in it. Together, they prevented commercial Federal Reserve member banks from:

dealing in non-governmental securities for customers
investing in non-investment grade securities for themselves
underwriting or distributing non-governmental securities
affiliating (or sharing employees) with companies involved in such activities
Conversely, Glass–Steagall prevented securities firms and investment banks from taking deposits.


14 posted on 05/25/2016 8:21:37 PM PDT by Bogie (Just a coincidence?)
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson