Is Glass Steagall Coming Back?
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Local

Hidden Valley Lake, CA

#21 Jul 16, 2013
GRANDPA NICOLAI wrote:
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Why don't you do your own homework...?
Even if SOLUTION were kind enough to give you the link to the proposed Glass Steagal bill you would not read it just like you never read the Affordable Health care bill and even if you do read it you still will not be able to understand what you read because conservatives read with T stained glasses....
I am confident that you are talking out of your ole perverted socialist arse again.
Post the changes in the proposed "new" glass steagall bill and prove me wrong......or stfu you ole pos.

Waiting........
GRANDPA NICOLAI

Chico, CA

#22 Jul 16, 2013
Local wrote:
<quoted text>
I am confident that you are talking out of your ole perverted socialist arse again.
Post the changes in the proposed "new" glass steagall bill and prove me wrong......or stfu you ole pos.
Waiting........
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Here it is LOCO:

www.google.com
Local

Hidden Valley Lake, CA

#23 Jul 16, 2013
GRANDPA NICOLAI wrote:
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Here it is LOCO:
www.google.com
As usual, your link provides nothing.
What else is "new".

Still waiting for the particulars on the "new" glass steagall act........
Tea Party Solution

Chico, CA

#24 Jul 16, 2013
Local wrote:
<quoted text>
As usual, your link provides nothing.
What else is "new".
Still waiting for the particulars on the "new" glass steagall act........
http://www.warren.senate.gov/files/documents/...

Now, go ahead and read it and report back.
Tea Party Solution

Chico, CA

#25 Jul 16, 2013
Here's a summary, and video.

"This new bill from Senator Warren will reverse this trend and make the banks smaller. After all, the three biggest banks (Chase, Bank of America, and Citi) are all bloated conglomerate banks that have enormous traditional and investment subsidiaries, so these banks wouldn’t be able to continue as they’re currently instituted under the new Glass-Steagall Act. Instead these megabanks would be broken up into much smaller firms.

What’s more, the new Glass-Steagall Act will make it so banks cannot gamble with derivatives using depositor’s money, as they do today. Currently, depositors at banks like Chase, Bank of America, or Citi implicitly use their money to help these banks make amplified bets that have the potential to cause another global meltdown. Reintroducing Glass-Steagall will make it so depositor’s money cannot be used for the derivatives market. This would be a major step toward restoring sanity to Wall Street."

http://www.toobighasfailed.org/2013/07/11/eli...

Scroll down for the video.
GRANDPA NICOLAI

Chico, CA

#26 Jul 16, 2013
Local wrote:
<quoted text>
As usual, your link provides nothing.
What else is "new".
Still waiting for the particulars on the "new" glass steagall act........
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The link I provided you is the portal to knowledge at your fingertips, it is unfortunate you never bothered to learn how to use the key, and....

Your posts prove it....!!
Local

Hidden Valley Lake, CA

#27 Jul 16, 2013
GRANDPA NICOLAI wrote:
<quoted text>
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The link I provided you is the portal to knowledge at your fingertips, it is unfortunate you never bothered to learn how to use the key, and....
Your posts prove it....!!
ya, ya, ya. There are many, many search engines.
Casual readers will not be fooled by your post. A search engine will not magically find something that does not exist.
There is no finalized "new" glass steagall document, and you know it.
The Democrat dominated senate hasn't produced anything that the nobama administration will support.
GRANDPA NICOLAI

Chico, CA

#28 Jul 16, 2013
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Hmm...

it took me about 10 seconds to find a 30 page document....

I will give you a hint....

Pick your favorite search engine and see if you can find anything on twenty first century glass steagall...
Local

Hidden Valley Lake, CA

#29 Jul 17, 2013
Tea Party Solution wrote:
Here's a summary, and video.
"This new bill from Senator Warren will reverse this trend and make the banks smaller. After all, the three biggest banks (Chase, Bank of America, and Citi) are all bloated conglomerate banks that have enormous traditional and investment subsidiaries, so these banks wouldn’t be able to continue as they’re currently instituted under the new Glass-Steagall Act. Instead these megabanks would be broken up into much smaller firms.
What’s more, the new Glass-Steagall Act will make it so banks cannot gamble with derivatives using depositor’s money, as they do today. Currently, depositors at banks like Chase, Bank of America, or Citi implicitly use their money to help these banks make amplified bets that have the potential to cause another global meltdown. Reintroducing Glass-Steagall will make it so depositor’s money cannot be used for the derivatives market. This would be a major step toward restoring sanity to Wall Street."
http://www.toobighasfailed.org/2013/07/11/eli...
Scroll down for the video.
Proposals are simply proposals and there are more than one.
For instance, Brown, an Ohio Democrat, and David Vitter, a Louisiana Republican, have offered a bill that would impose a 15 percent capital requirement on the largest banks.

The Senate turned back an attempt to impose limits on the size of banks during debate over legislation that became the 2010 Dodd-Frank Act.

You are pointing out a few of your own contradictions.
First of all, it was a democrat president (Clinton) who repealed glass steagall back in 1999.
Secondly, it is the democrat dominated senate who opposed and defeated limiting the size of banks with dodd-frank.
Thirdly, Sandy Weill is involved in this proposal....yikes!!!!

In typical teepee fashion you disingenuously camplained about the House when the senate democrats cannot agree.

John McCain(R) is leading the charge on this one. Are you changing parties?


Tea Party Solution

United States

#30 Jul 19, 2013
Local wrote:
<quoted text>
Proposals are simply proposals and there are more than one.
For instance, Brown, an Ohio Democrat, and David Vitter, a Louisiana Republican, have offered a bill that would impose a 15 percent capital requirement on the largest banks.
The Senate turned back an attempt to impose limits on the size of banks during debate over legislation that became the 2010 Dodd-Frank Act.
You are pointing out a few of your own contradictions.
First of all, it was a democrat president (Clinton) who repealed glass steagall back in 1999.
Secondly, it is the democrat dominated senate who opposed and defeated limiting the size of banks with dodd-frank.
Thirdly, Sandy Weill is involved in this proposal....yikes!!!!
In typical teepee fashion you disingenuously camplained about the House when the senate democrats cannot agree.
John McCain(R) is leading the charge on this one. Are you changing parties?
So you try to side-step my very simple question with a bunch of extraneous, partisan stuff.

Are you for or against the new 'Glass-Steagall bill'? You've made a big deal that Clinton signed the repub bill that eliminated Glass-Steagall, and one would think that you'd be for this new bill. But that's not what your post said. Your post did not answer the question. You ducked the question.

I wanted to see what I already guessed-- that since most tea partiers in Congress are against opposing their Wall Street donor pimps, you wouldn't give me a straight answer. Your beloved tea partiers in Congress want that Wall Street money for their next campaigns. They DON'T CARE that our country is probably going to suffer another financial catastrophe because the big banks are even more too big to fail than before 2008. They care only about one job-- their own.

And since you're a lock-stepping tea partier, there's no way you can support this new bill, even after dozens of your posts have decried the elimination of Glass-Steagall in 1999.

BTW, this bill started with Elizabeth Warren. And McCain did the right thing to support it.
Local

Hidden Valley Lake, CA

#31 Jul 19, 2013
Tea Party Solution wrote:
<quoted text>
So you try to side-step my very simple question with a bunch of extraneous, partisan stuff.
Are you for or against the new 'Glass-Steagall bill'? You've made a big deal that Clinton signed the repub bill that eliminated Glass-Steagall, and one would think that you'd be for this new bill. But that's not what your post said. Your post did not answer the question. You ducked the question.
I wanted to see what I already guessed-- that since most tea partiers in Congress are against opposing their Wall Street donor pimps, you wouldn't give me a straight answer. Your beloved tea partiers in Congress want that Wall Street money for their next campaigns. They DON'T CARE that our country is probably going to suffer another financial catastrophe because the big banks are even more too big to fail than before 2008. They care only about one job-- their own.
And since you're a lock-stepping tea partier, there's no way you can support this new bill, even after dozens of your posts have decried the elimination of Glass-Steagall in 1999.
BTW, this bill started with Elizabeth Warren. And McCain did the right thing to support it.
Perhaps you should read my posts a bit more slowly to improve your limited comprehension skills.
Unlike you and your partisan shill liberal crowd(pelousi....sign it and then read it????), I would prefer to see the final proposal before I endorse it.
As you may or may not know: when it comes to legislation, the devil is in the details......but I am happy to see that you are backing John McCain(R)....a very staunch republican.
Local

Hidden Valley Lake, CA

#32 Jul 19, 2013
Tea Party Solution wrote:
<quoted text>
BTW, this bill started with Elizabeth Warren. And McCain did the right thing to support it.
And btw, you are lying...again. why lie when it is so easy to prove you the liar that you are. lmao

Warren Joins McCain to Push New Glass-Steagall Law for Banks

http://www.bloomberg.com/news/2013-07-11/warr...

lolololol
Tea Party Solution

Paradise, CA

#33 Jul 21, 2013
Local wrote:
<quoted text>
And btw, you are lying...again. why lie when it is so easy to prove you the liar that you are. lmao
Warren Joins McCain to Push New Glass-Steagall Law for Banks
http://www.bloomberg.com/news/2013-07-11/warr...
lolololol
Do you ever read your own links? Bloomberg.com does title this article as if Warren joined McCain in writing it== BUT

here's what the article actually says: "U.S. Senator Elizabeth Warren and a bipartisan group of lawmakers have introduced a bill aimed at re-creating the Glass-Steagall Act..."

To his credit, McCain has been pushing for a new Glass=Steagall type of bill for 3 years, and as I've already made clear, I DON'T CARE who introduced the bill. I'm just happy that it's been proposed.

I'd think that you'd be happy about this new bill, but since the tea partiers in congress are against it for campaign funding issues, you are ambivalent about it.

What, are you running for a tea party congressional office?

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