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Etymologies
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Examples
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What I want from a financial reform bill is for it to reenact Glass-Stegal and separate the investment banks from regular banks.
McConnell: There's a bailout fund in current Wall St. reform bill 2010
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When Glass-Stegal was considered obsolete, banks were allowed to merge with brokerage houses thus starting the mess we ` re in now.
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The Glass-Stegal Act NEVER should have been repealed, and the Graham-Leach-Bliley Act NEVER should have been passed in 1999.
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To this day Americans debate endlessly who was responsible for repealing Glass-Stegal, or for the budget surpluses in the 90s, or the deficits in the 80s, or for authorizing the Iraq war and on and on.
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It only took them several years, but once they got him reined in they got NAFTA, repeal of Glass-Stegal act, Welfare reform.
Trippi: GOP trying to turn Obama into another Jimmy Carter 2009
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Accomplishing things like DADT (which Obama is about to repeal) Glass-Stegal repeal (which Obama is trying to repair), and healthcare (which Obama is closer to than Clinton ever got).
Matthew Yglesias » What Is The Problem That Obama’s Bad Advisors Are Responsible For? 2010
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Obama's one job for the next 4 weeks is to keep exposing the Gramm/McCain/Keating connection and it's link to the deregulation of the banking act, the repeal of Glass-Stegal and the other 'reforms' that lead to this collapse.
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He's responsible for the demise of the Glass-Stegal Act.
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The exotic financial instruments that enabled the present crisis were made legal by the repeal of the Glass Stegal Act in 1999.
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Someone could argue that capitalism could have avoided this crisis if only we had not repealed Glass Stegal.
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