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SHELIA BAIR: WHY THE DODD-FRANK BILL IS A FAILURE! BRING ON GLASS-STEAGALL ACT!!

 
IJumpInIt
User ID: 11511435
United States
07/20/2012 10:55 AM
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SHELIA BAIR: WHY THE DODD-FRANK BILL IS A FAILURE! BRING ON GLASS-STEAGALL ACT!!
Because it is NOT the Glass-Steagall Act of 1933.

Read the hilarious panderings of the Demoncraps attampt to 'regulate' Wall Street, when the Glass-Steagall Act did it far better for over 6 decades.

[link to finance.yahoo.com]

I love this damning part:

"We've got a culture problem on the trading desks of the world's leading financial institutions. Yes, some regulators and Members of Congress are busy issuing press releases proclaiming outrage, ordering up investigations, and calling for better "policies and procedures" at the nation's top banks but why don't they just fix this stuff? No bank, not even one which is ostensibly well run like Chase, should be allowed to use insured deposits to take big positions in tranched credit default swap indexes. These instruments are so volatile and risky that clearinghouses won't even accept them, so why is Chase using government-backed money to take those bets?"

Thank youuuuu Bill Clinton for repealing Glass-Steagall! Now we have Dodd-Frank to protect us!
Anonymous Coward (OP)
User ID: 11511435
United States
07/20/2012 11:01 AM
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Re: SHELIA BAIR: WHY THE DODD-FRANK BILL IS A FAILURE! BRING ON GLASS-STEAGALL ACT!!
bump
telling it straight

User ID: 1461054
United States
07/20/2012 11:03 AM

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Re: SHELIA BAIR: WHY THE DODD-FRANK BILL IS A FAILURE! BRING ON GLASS-STEAGALL ACT!!
bump
and pin.
IJumpInIt (OP)
User ID: 11511435
United States
07/20/2012 11:15 AM
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Re: SHELIA BAIR: WHY THE DODD-FRANK BILL IS A FAILURE! BRING ON GLASS-STEAGALL ACT!!
PIT THIS SHIN!!

clinton no:wacko:clinton no
Anonymous Coward
User ID: 1090326
Germany
07/20/2012 11:31 AM
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Re: SHELIA BAIR: WHY THE DODD-FRANK BILL IS A FAILURE! BRING ON GLASS-STEAGALL ACT!!
Because it is NOT the Glass-Steagall Act of 1933.

Read the hilarious panderings of the Demoncraps attampt to 'regulate' Wall Street, when the Glass-Steagall Act did it far better for over 6 decades.

[link to finance.yahoo.com]

I love this damning part:

"We've got a culture problem on the trading desks of the world's leading financial institutions. Yes, some regulators and Members of Congress are busy issuing press releases proclaiming outrage, ordering up investigations, and calling for better "policies and procedures" at the nation's top banks but why don't they just fix this stuff? No bank, not even one which is ostensibly well run like Chase, should be allowed to use insured deposits to take big positions in tranched credit default swap indexes. These instruments are so volatile and risky that clearinghouses won't even accept them, so why is Chase using government-backed money to take those bets?"

Thank youuuuu Bill Clinton for repealing Glass-Steagall! Now we have Dodd-Frank to protect us!
 Quoting: IJumpInIt 11511435


You are governed by Wall Street no matter who is the president.





GLP