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

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

    Quote Originally Posted by poweRob View Post
    So from 1930 to 1999 there were no loans by banks? Amazing.
    Ever hear of a 20% cash depost? What about phyisical collaterall? Ever wonder why a bus driver was allowed to take an 800 thosand dollar home loan, with nothing down?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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

    Quote Originally Posted by apdst View Post
    Ever hear of a 20% cash depost? What about phyisical collaterall? Ever wonder why a bus driver was allowed to take an 800 thosand dollar home loan, with nothing down?
    wtf does any of that rant have to do with Glass/Steagall?

    And wtf does any of that rant have to do with you alluding to people not being able to get a loan for the 70 year period of 1930 to 1999 because Glass/Streagall was enacted that whole time.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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

    Quote Originally Posted by poweRob View Post
    wtf does any of that rant have to do with Glass/Steagall?

    And wtf does any of that rant have to do with you alluding to people not being able to get a loan from 1930 to 1999 because Glass/Streagall was enacted that whole time.
    You want the regulations hammered back in place and you don't even have a clue what they are.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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

    Quote Originally Posted by apdst View Post
    You want the regulations hammered back in place and you don't even have a clue what they are.
    Do you know what Glass/Steagall did? When it was enacted and why? and when it was repealed? I do. And I don't even need the internet to find out anymore. I used the internet years ago to find out. Haven't forgotten. Your rant had nothing to do with Glass/Steagall. If your rant did have something to do with it, by all means... explain it to us.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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

    Quote Originally Posted by poweRob View Post
    Do you know what Glass/Steagall did? When it was enacted and why? and when it was repealed? I do. And I don't even need the internet to find out anymore. I used the internet years ago to find out. Haven't forgotten. Your rant had nothing to do with Glass/Steagall. If your rant did have something to do with it, by all means... explain it to us.
    You first, sir.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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

    Quote Originally Posted by apdst View Post
    You first, sir.
    Dear God what a dodge.

    Glass Steagall separated investment banks from neighborhood banks where you put your checking and savings into. Local checking and savings banks were NOT allowed to invest on Wall Street. If you were a bank you had to choose which of the two kinds of banks you wanted to be. It was enacted right after the stock market crash of 1929. Then repealed in 1999 by the Gramm/Leach/Bliley act.

    You're welcome. And now you can pretend you knew this all along.
    Last edited by poweRob; 07-12-13 at 01:13 AM.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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

    Quote Originally Posted by iacardsfan View Post
    I never fully understood why Republicans would favor this, they're all about no intervention with anything. No government, who cares?

    Yeah, brah, it's like people are confusing our political system with a two party one, where democrat and republican become overly broad labels for various liberal and conservative factions ...

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

    Quote Originally Posted by apdst View Post
    Ever wonder why a bus driver was allowed to take an 800 thosand dollar home loan, with nothing down?
    Quote Originally Posted by poweRob View Post
    wtf does any of that rant have to do with Glass/Steagall?
    Yeah, I've wondered. Wondered how the HELL that would ever be possible!

    That's not a very strong argument for opposing regulation, when it was just such "speculation" in extremely high risk mortgages that caused that housing investment bubble to grow and burst.

    People should have more invested in purchasing a house than merely the hope they can meet a 30 year mortgage with a massive balloon payment at the end.
    Last edited by Captain Adverse; 07-12-13 at 01:34 AM.
    If I stop responding it doesn't mean I've conceded the point or agree with you. It only means I've made my point and I don't mind you having the last word. Please wait a few minutes before "quoting" me. I often correct errors for a minute or two after I post before the final product is ready.

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

    Strongly supprt this regulation so long as it stays focused on this small mandate---to restore the wall separating commercial and retail banks and making the risk be on the backs of commercial banks again instead of counting on the retail banks and the government to bail them out.

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

    Quote Originally Posted by apdst View Post
    Ever hear of a 20% cash depost? What about phyisical collaterall?
    What's wrong with that?

    Ever wonder why a bus driver was allowed to take an 800 thosand dollar home loan, with nothing down?
    I wondered why the banks went out of their ****ing minds, yes.
    Tucker Case - Tard magnet.

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