Replies to post #291981 on Tornado Alley (PROG)

[fuagf]

BullNBear, like i said by the time the Gramm-Leach-Bliley Act was signed Glass-Steagall had
been gutted by decades of deregulation, pushed predominately by conservatives and the GOP.

"Gramm-Leach-Bliley Act."

See - Yes Clinton did admit he made a mistake. Yes. The Clinton administration was to an extent obviously caught up in the deregulation fervor of the day,
and complicit in it. Their treatment of Brooksley Born is part of the evidence of that .. if Democrats had had control of the Congress at the time (i think
the Republicans may have had control then for 6 years, not sure) would the Gramm-Leach-Bliley Act ever have been? .. i'm not so sure of that ..

Signing of the Gramm-Leach-Bliley Act

with more .. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=110916777

Toss in

"There's not a single, solitary example that" signing the bill to end Glass-Steagall "had anything to do with the financial crash."
— Bill Clinton on Tuesday, August 11th, 2015 in an interview with Inc. magazine



Bill Clinton: Glass-Steagall repeal had nothing to do with financial crisis

By Lauren Carroll on Wednesday, August 19th, 2015 at 5:22 p.m.
https://www.politifact.com/truth-o-meter/statements/2015/aug/19/bill-clinton/bill-clinton-glass-steagall-had-nothing-do-financi/

To link in

ForReal, You lost the topic,

ForReal, The Repeal of the Glass-Steagall Act: Myth and Reality
"Really? Oh how soon we forget who instituted the deregulations that lead to excesses in the banking industry.
Especially in the real estate lending markets, as well as the exemptions from credit default swaps."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144365761
With more .. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144385538