Video & Multimedia

1StrongBlackMan

(31,849 posts)

23. I will respond, though it has been explained time, and time and time again ...

Thu Jun 16, 2016, 10:04 PM

Jun 2016

I really am agnostic with respect to G-S ... It served it's purpose in addressing the '29 financial crash; but, it would have done little to deal with the crash of 2006, or what threatens us today, and tomorrow.

G-S would not have prevented commercial banks from investing in/purchasing the fraudulent paper that the far more damaging, Bernie supported Commodity Futures Modernization Act of 2000, that enabled.

But I have zero confidence that the 100th explanation will have any more effect than the first 99.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

63 replies

= new reply since forum marked as read

Highlight:

Who Repealed the Glass-Steagall Act? [View all] Octafish Jun 2016 OP

Great reminder. Thank you for posting! shakedown1970 Jun 2016 #1

Why Hillary R. Clinton, of course! 1StrongBlackMan Jun 2016 #2

No. Her husband, who works in UBS Wealth Management with Phil Gramm. Octafish Jun 2016 #5

And, Mr./Ms. Octafish should be held to account for your sins? 1StrongBlackMan Jun 2016 #6

And I haven't? Octafish Jun 2016 #7

If you have, you probably didn't like it ... 1StrongBlackMan Jun 2016 #9

Either converse and say something, or think of questions that have a point... MrMickeysMom Jun 2016 #21

1strongbackman likes to read things.... AlbertCat Jun 2016 #19

Funny ... I have said the same thing about you ... 1StrongBlackMan Jun 2016 #22

I have said the same thing about you . AlbertCat Jun 2016 #29

Okay ... I COULD say the same thing about you ... 1StrongBlackMan Jun 2016 #35

I can't figure out arikara Jun 2016 #38

I, initially, was asking how, or why, President Bill Clinton's signing the repeal of G-S ... 1StrongBlackMan Jun 2016 #40

Thank you for clarifying. arikara Jun 2016 #42

Or, maybe, that she had anything to do with the repeal. There is that possibly. No? 1StrongBlackMan Jun 2016 #43

Is this better? arikara Jun 2016 #44

Or, that she, perhaps, had NOTHING to do with the repeal of G-S ... 1StrongBlackMan Jun 2016 #45

Possibly arikara Jun 2016 #46

When did they ... 1StrongBlackMan Jun 2016 #47

Whether she did or did not, she's now on record as being against re-reinstating it as Bernie wants. whathehell Jun 2016 #51

the question is she for reinstating it? hollysmom Jun 2016 #54

No. She is not for reinstating G-S; however, ... 1StrongBlackMan Jun 2016 #55

Hillary says so. She says its the 2 for 1 presidency!! avaistheone1 Jun 2016 #58

She said that 18 years after G-S and with her election ... 1StrongBlackMan Jun 2016 #63

So it wasn't Hillary clinton ? gwheezie Jun 2016 #27

Isn't Bill the one that Sen Clinton says will be in charge of the economy? Winston.Smith Jun 2016 #52

Yup. avaistheone1 Jun 2016 #60

Do I detect that you don't care about the protections of Glass-Steagall? rhett o rick Jun 2016 #11

Glass-Steagall wouldn't have protected us from the 2007-8 crash, which was pnwmom Jun 2016 #14

Actually it would have AgingAmerican Jun 2016 #17

That is factually incorrect ... The shadow banks were unafected by G-S ... 1StrongBlackMan Jun 2016 #24

That's their story and they're sticking to it. seabeckind Jun 2016 #18

That is the corporate talking points. They desperately wanted Bill Clinton to sign rhett o rick Jun 2016 #25

I will respond, though it has been explained time, and time and time again ... 1StrongBlackMan Jun 2016 #23

You are defending those that made an easy $12 trillion dollars that came from the middle rhett o rick Jun 2016 #26

No, I'm not! I merely recognize that ... 1StrongBlackMan Jun 2016 #36

Why then was it so important to repeal it? Your rationalization comes directly from those that rhett o rick Jun 2016 #37

I have made no "rationalization" ... 1StrongBlackMan Jun 2016 #41

Those 25 people are much wealthier today. The rest of us not so much. We really have become floriduck Jun 2016 #3

Sheldon Adelson the casino operator saw his fortune grow $2 billion in one day. Octafish Jun 2016 #32

Looks like Bill may get to finish off any remaining regulations. djean111 Jun 2016 #4

Chicago School of Austerity Octafish Jun 2016 #33

k&r.. disillusioned73 Jun 2016 #8

Strange how it's OK for Banksters to loot trillions and toss millions from their homes... Octafish Jun 2016 #62

OMG, I never realized so many Democrats voted for that.. DianaForRussFeingold Jun 2016 #10

Thanks, Diana. We support Russ, too! Duval Jun 2016 #16

Thanks Octafish. rhett o rick Jun 2016 #12

It was the work of Phil Gramm, now with USB, of course. Zen Democrat Jun 2016 #13

Watch Bill Clinton, Larry Summers, and Phil Gramm Have a Love Fest Over Repeal of Glass Steagall Octafish Jun 2016 #34

I'm sure glad Hillary has kept Bill out of the limelight lately floppyboo Jun 2016 #15

OT but thanks for reminding me. Stryder Jun 2016 #20

I wish he'd be set free arikara Jun 2016 #39

I guess you never read this after I found it for you BootinUp Jun 2016 #28

Did you read my answer? You wouldn't need to guess. Octafish Jun 2016 #30

I did! Thank you for all the awesome history. ancianita Jun 2016 #31

Kicked and recommended. Uncle Joe Jun 2016 #48

K&R felix_numinous Jun 2016 #49

K&R Thanks for posting this. JEB Jun 2016 #50

Some wrongly imply this has been debunked. Octafish Jun 2016 #59

Did Clinton repeal this by executive order? The_Casual_Observer Jun 2016 #53

Gramm pushed bill to repeal Glass-Steagall through Senate... Octafish Jun 2016 #56

The result is far from an open and shut case of what caused the collapse and you know it. The_Casual_Observer Jun 2016 #57

Right. Control Fraud along with repeal of Glass Steagall. Octafish Jun 2016 #61