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Re: kajulie post# 52717

Friday, 05/11/2012 9:02:29 PM

Friday, May 11, 2012 9:02:29 PM

Post# of 76351
Actually, the purpose was to point out the intent of the repealing Glass Steagall Act was to create the bubble-crash manipulation-fraud as we have seen. The repeal was basically loosen the robbery of American wealth after the tech bubble-crash manipulation as the history has proven.

http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act
<<the Glass–Steagall Act were repealed through the Gramm-Leach-Bliley Act in 1999 by President Bill Clinton>> Insane Clinton-Greenspan created tech and housing bubbles bankrupting America and millions of Americans.

No one with a right mind thinks that it wasn't intended to create bubble.

http://cantwell.senate.gov/news/record.cfm?id=324753&;

You believe what you want to believe as you already has shown what you think by pointing out the act which replaced the Glass steagall legalizing massive bank manipulation and fraud which has bankrupted America and millions of Americans into poverty. Most of people in financial industry or media present only half of truth which is cumulatively fleecing naive public as we repeatedly have seen sucked into insane market hype into bubbles-crash insanity.

Bubbles are like financial nuclear bombs. The repeal of the act was just that.



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