More Right Wing Lies – Now As In The Roaring 20’s
…finance, including the repeal of Glass-Steagall came at the end of Clinton’s term, less than a decade prior to the financial melt down. Last Friday on his radio show, Thom…
…finance, including the repeal of Glass-Steagall came at the end of Clinton’s term, less than a decade prior to the financial melt down. Last Friday on his radio show, Thom…
…and thrifts over turn state regulations. . The irony is Congress moving quickly to repeal Glass Steagall and change the National Banking Act to allow Citibank to merge with Travelers…
…one which has made the Democratic Party more dependent on Wall Street Money, which led to Clinton ending Glass-Steagall and Obama treating bankers with kid gloves after he came into…
…the Supreme Court to shield corporate securities fraud perpetrators and their professional aiders and abettors from shareholder and consumer accountability. During the same period, the dismantling of the Glass-Steagall Act’s…
…powerhouse Citigroup by combining Traveler’s Insurance and Citibank. To cash in on the combination, Weill then successfully lobbied the Clinton administration to repeal the Glass-Steagall Act – the Depression-era law…
…2000. Coincidentally, the Gramm–Leach–Bliley (Financial Services Modernization) Act of 1999, which undid portions of the Glass-Steagall of 1933, was signed into law on Nov 12 of that year, and the…
…they go bust. Eliminating bonuses would make banking boring again, like it was before the repeal of the Glass-Steagall Act. Boring, in this case, is good. Congress should consider what…
…with the Glass-Steagall Act, where they wheedled and bargained to get exemptions and waivers and eroded the law until the Great Recession was the result). “I think it’s going to…
…1999 repeal of the Glass-Steagall Act, which had separated commercial from investment banking since 1933, would sharply accelerate financial concentration through mergers and acquisitions and thus contribute to the “too-big-to-fail”…
…stuff, he’ll drag the economy back to the days of the LBJ administration! What were tax rates then? And that Glass-Steagall law! How did U.S. capitalism ever survive the ’60s?!…