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Message Subject Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
Poster Handle Anonymous Coward
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Ever since Glass-Steagall was repealed you see this more and more. And why??

Because BEFORE 1999 any 'leverage' was created through ONLY investors willing to gamble.

AFTER Bill Clinton repealed Glass-Steagall, bankers had access to our checking and savings accounts AS BACKUP in case their bets failed.

Eventually this mentality created a whole generation of "Why worry - it's not my money that will get lost" attitudes.

Both DEMOCRATS and REPUBLICANS do not want to re-install Glass-Steagall Act because those on Wall Street 'claim' it did little to create the problem and would do little to fix anything now.

Glass-Steagall was put in place during the 1930's DEPRESSION - and we have a similar situation now.

Dodd-Frank is a bunch of 'regulations' which say bankers must do 'this or that' but Dodd-Frank does NOTHING to curb the access to our checking/savings deposits as a backup for the bankers gambling.


Put Glass-Steagall back in and watch the bankers drop like flies. They will have to gamble with their OWN money - not yours or mine.

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