Steagle

The repeal of the portion of Glass Steagle cited in so many analysis does allow for the creation of questionable debt.

Coyote Blog » Blog Archive » I Challenge Any of These Guys to Open A Business In Ventura County 2009

Clinton set the time bomb in motion in 1999 when he repealed the Glass-Steagle act and it came apart under Bush and this president has set the wheel in motion that will crush us in the end with all of the out of control spending.

Obama: Economy 'in a much better place' 2010

Repeal of Glass Steagle was a veto-proof repub legacy, (although Clinton should have gone through the motions)

Think Progress » Boehner Tells Bankers To Fight Financial Reform: ‘Don’t Let Those Little Punk Staffers Take Advantage Of You’ 2010

Our very recent history has shown that regulatory laws can be repealed or gutted – Glass-Steagle – and companies wil run do what they can to make – or make it look like they are making – more and more profits.

Sources: White House considers drafting health care bill 2009

It was rich investors clamoring for more profitable investment vehicles, who pressured legislators into lowering Glass Steagle.

Think Progress » ThinkFast: March 22, 2010 2010

On money given to the banks, on helping homeowners at risk of loosing their homes (a 10% subsidy on interest was promised by Mr Obama), on reforming the banking system so the CAUSE of the financial crisis can be removed (For ex: breaking up the "too big to fail" in bits and pieces, re-instating Glass-Steagle, capping CC interest rates at 12% ...)

What if McCain Had Won? 2009

Regulations may need to be enhanced, but only to the extent of a new Glass-Steagle.

Simon Johnson on Geithner and Summers, Arnold Kling | EconLog | Library of Economics and Liberty 2009

The "bad judgements" were made by many people, starting with the Reagan administration, continuing through Clinton's support of repeal of the Glass-Steagle act, down to people who let bad mortgage brokers sell them bad adjustable rate home equity mortgages and the financial advisors who encouraged them to take those mortgages, and finally to the financiers who packaged the bad mortgages and wrapped them into highly leveraged securities - whose value is now in doubt.

Jim Pivonka: Why We Must Move a Financial Rescue Package Forward 2008

As an ex. goldman sachs stole 13 billion in 2008 when they made illegal naked short cds bet against subprime mortgages with aig against Glass Steagle act.

unknown title 2011

As an ex. goldman sachs stole 13 billion in 2008 when they made illegal naked short cds bet against subprime mortgages with aig against Glass Steagle act.

unknown title 2011