Bill to reinstate Glass-Steagall introduced

[Eliot Hosewater]

I'll just link to the article at Market Ticker:

http://market-ticker.org/akcs-www?post=184237

 

[piezoe]

Good, but is the cat already out of the bag?

 

[jlancaster]

If this is what caused the 2008 financial disaster then I'd love to see it reinstated.

 

[Trendytrader]

Doesn't mean squat when FED fast tracks overnight application for investment banks to become a normal bank and then allow them to pig out in the FED money trough.

Have GS and JPM gone back to being investment banks? When are they opening branchs so i can have a check and savings account?

The FED are nothing but Wall Street crimes working for Wall Street.

 

[Eliot Hosewater]

Quote from Trendytrader:

Doesn't mean squat when FED fast tracks overnight application for investment banks to become a normal bank and then allow them to pig out in the FED money trough.

Have GS and JPM gone back to being investment banks? When are they opening branchs so i can have a check and savings account?

The FED are nothing but Wall Street crimes working for Wall Street.

Yes, the Fed and especially Greenscam effectively gutted G-S even before Gramm-Leach-Bliley. Why can't we find any adults to run the country these days?

 

[jokepie]

Check out its creation its independence. Its is not related to any govt. body ...Its created and run by Banks... FACT

 

[the1]

Well let's see. G-S was repealed in what? 1999? 8 short years later we have a whopper of a crisis. Yeah! I'd say that's what caused it.

Quote from jlancaster:

If this is what caused the 2008 financial disaster then I'd love to see it reinstated.

 

[the1]

Wasn't that a hoot. You're an investment bank one day, going broke, a bank "holding" company the next, swimming in FED money, out of the woods the next, convert to a "financial" holding company and give the taxpayer the middle finger. Who did that? Oh that's right! Good old Goldman.

Quote from Trendytrader:

Doesn't mean squat when FED fast tracks overnight application for investment banks to become a normal bank and then allow them to pig out in the FED money trough.

Have GS and JPM gone back to being investment banks? When are they opening branchs so i can have a check and savings account?

The FED are nothing but Wall Street crimes working for Wall Street.

 

[MarketMasher]

Quote from the1:

Wasn't that a hoot. You're an investment bank one day, going broke, a bank "holding" company the next, swimming in FED money, out of the woods the next, convert to a "financial" holding company and give the taxpayer the middle finger. Who did that? Oh that's right! Good old Goldman.

Stop whining. Those bonuses saved the world's economy.

 

[GS19]

About time something was done.

GS