General Discussion

randome

(34,845 posts)

11. So you're saying the repeal of Glass-Steagall was a good thing?

Reply to banned from Kos (Reply #8)

Fri Apr 20, 2012, 07:41 PM

Apr 2012

I think what he said is true. Doesn't matter how rich he is or how he might have contributed. He's still right.

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Highlight:

Ex-CITIGROUP CEO Blames Glass-Steagall Repeal for Financial Crisis [View all] Octafish Apr 2012 OP

k&r nt steve2470 Apr 2012 #1

CITIGROUP paid ZERO TAXES on $4 Billion in Profit (BTW: CITI rec'd $2.5 TRILLION in the bailout!) Octafish Apr 2012 #15

What an idiot Parsons is. Citi fucked up on bad loans so he blames the government. banned from Kos Apr 2012 #2

No he didn't ... 1StrongBlackMan Apr 2012 #7

No, Citi could have declined to merge with Travelers! banned from Kos Apr 2012 #12

No ... 1StrongBlackMan Apr 2012 #13

We agree. So what? If I allow you to shoot heroin and you die whose fault is it? banned from Kos Apr 2012 #16

the point of regulation cyglet Apr 2012 #23

It's at least partly the fault of the person who makes the heroin available. Jim Lane Apr 2012 #31

did Wells Fargo blame the government? NO! Did JP Morgan? NO! banned from Kos Apr 2012 #3

Passing the buck? Lawlbringer Apr 2012 #4

Parsons is a liar! Hey, Clinton let us combine insurance and banking! banned from Kos Apr 2012 #6

File also under: Be careful what you wish for gratuitous Apr 2012 #5

Absolutely ... 1StrongBlackMan Apr 2012 #9

Sued for not making a big enough profit? hughee99 Apr 2012 #14

Here's what I thought when the Great Bailout of '08 was new... Octafish Apr 2012 #19

Wow - thanks for the repost. Ruby the Liberal Apr 2012 #36

Phil Gramm on Glass-Steagall Octafish Apr 2012 #40

Phil Gramm got banned from Kos? Ruby the Liberal Apr 2012 #44

the link says Citi lost 86% of its value (true) so who does this asshole blame? banned from Kos Apr 2012 #8

So you're saying the repeal of Glass-Steagall was a good thing? randome Apr 2012 #11

No, you dumb fuck! Clinton did not MAKE you combine firms - he LET you do it! banned from Kos Apr 2012 #10

Did you know 'Parental Controls' can prevent messages that contain the word 'Fuck' from being read? Octafish Apr 2012 #18

Here's how I understood the comment... hughee99 Apr 2012 #17

Well we lobbied hard for it cyglet Apr 2012 #24

The REAL blame lies with..... lastlib Apr 2012 #20

Phil Gramm is the Meyer Lansky of the War Party. Octafish Apr 2012 #22

What about Leach and Bliley? progressoid Apr 2012 #35

K&R jwirr Apr 2012 #21

Brooksley Born warned us. Octafish Apr 2012 #25

That was shameful, how they treated that brilliant woman who predicted what happened, and sabrina 1 Apr 2012 #28

Secret Government: When a select few get to run things, things will benefit the select few. Octafish Apr 2012 #29

Now I see why we got that other OP. Wonder why anyone would be angry about learning the reasons sabrina 1 Apr 2012 #26

Things have gotten a LOT worse, sabrina 1. Now We the People are on the hook for the crooks' frauds. Octafish Apr 2012 #27

Derivatives were exactly what Brooksley Born tried to warn about and their reaction to her sabrina 1 Apr 2012 #30

Du rec. Nt xchrom Apr 2012 #32

Geithner’s ‘Dirty Little Secret’: The Entire Global Financial System is at Risk Octafish Apr 2012 #38

Sure thing! Nt xchrom Apr 2012 #43

My financial meltdown began in 1981 about 20 years before the repeal of Glass-Steagall NNN0LHI Apr 2012 #33

I blame the greedhead set -- those with money and power who use it to feather their own nest. Octafish Apr 2012 #41

Repealed by the Gramm–Leach–Bliley Act progressoid Apr 2012 #34

On par with the professional 9-11 storyteller and Condeleeza confidant Philip Zelikow. Octafish Apr 2012 #42

K&R WorseBeforeBetter Apr 2012 #37

K&R varelse Apr 2012 #39

He's absolutely right jmowreader Apr 2012 #45

Kick nt Agony Apr 2012 #46