Top Financial Regulator Might Actually Break Up ‘Too Big To Fail’ Banks

  • metta

    Posts: 39089

    Feb 19, 2016 3:20 AM GMT
    Top Financial Regulator Might Actually Break Up ‘Too Big To Fail’ Banks


    http://thinkprogress.org/politics/2016/02/16/3750042/fed-break-up-banks/
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    Feb 19, 2016 4:02 AM GMT
    After the Clinton era repeal of Glass-Steagall they are finally thinking they should unwind the mess somehow?

    big-bank-theory-chart-large.jpg
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    Feb 19, 2016 4:52 AM GMT
    theantijock%20engage%20stalker%20reducti

    desertmuscl saidAfter the Clinton era repeal of Glass-Steagall they are finally thinking they should unwind the mess somehow?
    big-bank-theory-chart-large.jpg


    What clever phrasing "the Clinton era repeal".

    Though I did & do have a problem with him having signed that without protest, let's recall how it played out, shall we:

    http://www.davemanuel.com/fact-check-did-bill-clinton-repeal-the-glass-steagall-act-120/
    Q: Did Bill Clinton Repeal the Glass-Steagall Act?

    A: No, but he signed into law the Gramm-Leach-Bliley Act, which repealed some of the provisions of the Glass-Steagall Act.

    The three co-sponsors of the Gramm-Leach-Bliley Act were:

    Sen. Phil Gramm - R
    Rep. Jim Leach - R
    Rep. Thomas J. Bliley, Jr. - R

    In 1999, the Republicans held a majority in both the Senate and the House of Representatives.


    The final version of the Gramm-Leach-Bliley Act passed the House by a vote of 362-57 and the Senate by a vote of 90-8. This made the bill "veto proof", meaning that if Clinton had decided to veto, the bill would have been passed anyways.


    That's what you call the Clinton era repeal?

    TYPICAL REPUBLICAN BEHAVIOR
    speaking of a mess