Bring back Glass-Stegall (Clinton, dollar, money, banks)

[BentBow]

JP Morgan 2 Billion lost in just 6 weeks, once the uncooked books are opened.


The Volker rule would have done nothing to prevent this.


I smell another QE to bail the banks out again.

[Ferd]

i am sooooooo with you.

republicans got rid of it (with help from Clinton) and when democrats had a chance to bring it back, they instead came up with a really dumb massive bill that doesnt work.

[Hot_Handz]

We'd have to withdraw from the WTO first...and good luck with that happening.

[BentBow]

Do we as a nation need the World Trade Organization?

Remember the US dollar is the currency of the world, when you think about that.

[Hot_Handz]

No we don't, I am agreeing with you but we will never withdraw...not the path this country is headed down.. The global plot is in full swing. The US dollar is the reserve currency of the world right now...but...for how long....?

[lifelongMOgal]

Originally Posted by Ferd

i am sooooooo with you.

republicans got rid of it (with help from Clinton) and when democrats had a chance to bring it back, they instead came up with a really dumb massive bill that doesnt work.

When GWB tried to bring it back the Democrats repeatedly blocked him.

[lifelongMOgal]

Originally Posted by Hot_Handz

We'd have to withdraw from the WTO first...and good luck with that happening.

What does the WTO have to do with Glass-Stegal?

[Ferd]

Originally Posted by lifelongMOgal

When GWB tried to bring it back the Democrats repeatedly blocked him.

I am for GWB. (a truely great American.)

[Hot_Handz]

Originally Posted by lifelongMOgal

What does the WTO have to do with Glass-Stegal?

Reinstating the Glass-Steagall act is in direct violation of the WTO. It would have to conform to the WTO. Pretty much making it NOT the Glass-Steagall act..

http://www.citizen.org/documents/Fin...SheetFINAL.pdf

[HappyTexan]

And just think..next year is the 100 year anniversary of the Fed controlling our money.