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I posted this question on
yahoo. answers:
How will passing a reenactment of Glass-Steagall stop the silly budget fight.?
provisionally ,, ,,
Your answer will be critiqued by your ability to:
define the difference between a debt system vs a credit system,
explain the Preamble to the Constitution,
map the parallel of the 1973 oil shock and the 1982 peso devaluation to the present day,
tell us why Portugal should follow the example of Iceland,
and list the types of firms on which side of the firewall they belong.
you do realize that BILL CLINTON deregulated it dont you? Actually right before he left office and this put the housing/banking problem in motion.
Bill Clinton didn't do it all .. it took years for the banking industry to chisel it down to nothing .. Ole Slick Willie merely nailed the final nail into the coffin ..
I posted this question on
yahoo. answers:
How will passing a reenactment of Glass-Steagall stop the silly budget fight.?
provisionally ,, ,,
Your answer will be critiqued by your ability to:
define the difference between a debt system vs a credit system,
explain the Preamble to the Constitution,
map the parallel of the 1973 oil shock and the 1982 peso devaluation to the present day,
tell us why Portugal should follow the example of Iceland,
and list the types of firms on which side of the firewall they belong.
what good will it do...it was the repealing of glass-stegal (the grammleachy) that made banks and corps too big to fail...it was liberal globalist policies like nafta.
they became 'too big to fail' before the repealing of G-S
1987 chemical bank merged into jp morgan
1992 manufactorers hanover and trust into jp morgan
1996 chase manhattin into jp morgan
1993 Banc one into JPmorgan
1995 first chicago into jpmorgan
1995 NDBancorp into jpmorgan
1988 fleet into norstar... into bank of america
1990 bank of new england into BOA
1990 Citizens into BOA
1998 travelrs into citi
1987 first fidelity into wells fargo
1996 Meridian Bancorp into wells fargo
1997 signet into first union into wells fargo
1988 barclays into wells fargo
yes many happend after gs.. but the 'too big to fail' happend before Gs
The "too big to fail" banks are holding the economy hostage like this:
and Congress members are the idiots who pay their ransom
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