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

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

    You go girl! Keep pushing for this PLLLLLEEEEEEEAAAAAZZZZZZZZEEE!!!!!111!!!!! I'll have so much more faith in our economic future if Glass Steagall gets reimplemented.

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

    U.S. Senator Elizabeth Warren said she and a bipartisan group of lawmakers are introducing a bill aimed at re-creating the Glass-Steagall Act, the Depression-era measure that separated commercial and investment banking.

    “Banking should be boring,” Warren, a Massachusetts Democrat, said yesterday in a conference call with reporters. “Anyone who wants to take big risks should go to Wall Street and should stay away from the basic banking system.”

    The bill sponsored by Warren along Senators John McCain, an Arizona Republican, Maria Cantwell, a Washington Democrat, and Angus King, a Maine independent, would separate traditional banks that offer checking and savings accounts insured by the Federal Deposit Insurance Corp. from “riskier financial institutions.” The latter category includes companies involved in investment banking, insurance, swaps dealing, hedge funds and private equity, according to the lawmakers’ statement.
    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
    You go girl! Keep pushing for this PLLLLLEEEEEEEAAAAAZZZZZZZZEEE!!!!!111!!!!! I'll have so much more faith in our economic future if Glass Steagall gets reimplemented.

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

    U.S. Senator Elizabeth Warren said she and a bipartisan group of lawmakers are introducing a bill aimed at re-creating the Glass-Steagall Act, the Depression-era measure that separated commercial and investment banking.

    “Banking should be boring,” Warren, a Massachusetts Democrat, said yesterday in a conference call with reporters. “Anyone who wants to take big risks should go to Wall Street and should stay away from the basic banking system.”

    The bill sponsored by Warren along Senators John McCain, an Arizona Republican, Maria Cantwell, a Washington Democrat, and Angus King, a Maine independent, would separate traditional banks that offer checking and savings accounts insured by the Federal Deposit Insurance Corp. from “riskier financial institutions.” The latter category includes companies involved in investment banking, insurance, swaps dealing, hedge funds and private equity, according to the lawmakers’ statement.
    who would object to this? oh yeah the banks.

    i guess wall street made a mistake in blocking Elisabeth warrens nomination to the financial protection bureau.

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

    Quote Originally Posted by poweRob View Post
    You go girl! Keep pushing for this PLLLLLEEEEEEEAAAAAZZZZZZZZEEE!!!!!111!!!!! I'll have so much more faith in our economic future if Glass Steagall gets reimplemented.

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

    U.S. Senator Elizabeth Warren said she and a bipartisan group of lawmakers are introducing a bill aimed at re-creating the Glass-Steagall Act, the Depression-era measure that separated commercial and investment banking.

    “Banking should be boring,” Warren, a Massachusetts Democrat, said yesterday in a conference call with reporters. “Anyone who wants to take big risks should go to Wall Street and should stay away from the basic banking system.”

    The bill sponsored by Warren along Senators John McCain, an Arizona Republican, Maria Cantwell, a Washington Democrat, and Angus King, a Maine independent, would separate traditional banks that offer checking and savings accounts insured by the Federal Deposit Insurance Corp. from “riskier financial institutions.” The latter category includes companies involved in investment banking, insurance, swaps dealing, hedge funds and private equity, according to the lawmakers’ statement.
    In regard to Gramm-Bliley, which gutted Glass-Steagal, it was passed by a Republican Congress, overwhelmingly endorsed by many Democrats, and signed into law by President Clinton. Republicans and Democrats danced the Potomac Tango on the backs of the American people. It is only fitting that a Republican and a Democrat team up to end this monstrosity. An apology to the American people from both parties would be nice too.
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    Re: Warren Joins McCain to Push New Glass-Steagall Law for Banks

    Quote Originally Posted by danarhea View Post
    In regard to Gramm-Bliley, which gutted Glass-Steagal, it was passed by a Republican Congress, overwhelmingly endorsed by many Democrats, and signed into law by President Clinton. Republicans and Democrats danced the Potomac Tango on the backs of the American people. It is only fitting that a Republican and a Democrat team up to end this monstrosity. An apology to the American people from both parties would be nice too.
    Exactly. In the primaries of 2008 I couldn't forgive Biden for being a bank stooge. The product of being a senator of Delaware and that it is basically a known fact that our elected officials primarily, if not only, represent those that fund their campaigns the greatest.
    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 danarhea View Post
    In regard to Gramm-Bliley, which gutted Glass-Steagal, it was passed by a Republican Congress, overwhelmingly endorsed by many Democrats, and signed into law by President Clinton. Republicans and Democrats danced the Potomac Tango on the backs of the American people. It is only fitting that a Republican and a Democrat team up to end this monstrosity. An apology to the American people from both parties would be nice too.
    an apology from political partys.

    that has much chance as a icicle in a furnace

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

    Quote Originally Posted by Unitedwestand13 View Post
    an apology from political partys.

    that has much chance as a icicle in a furnace
    Oh yeah? well... your face... has uh.... nevermind.
    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
    Oh yeah? well... your face... has uh.... nevermind.
    yes my avatars face is not much to look at. considering the job he does it suits the purpouse.

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

    I never fully understood why Republicans would favor this, they're all about no intervention with anything. No government, who cares?
    "Conservatism is the blind and fear-filled worship of dead radicals."
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    Re: Warren Joins McCain to Push New Glass-Steagall Law for Banks

    Quote Originally Posted by Unitedwestand13 View Post
    who would object to this? oh yeah the banks.

    i guess wall street made a mistake in blocking Elisabeth warrens nomination to the financial protection bureau.
    Then, when people can't get loans, because the regulations were put back in place, the government can come in and save the day, by lifting the regulations, again.
    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
    Then, when people can't get loans, because the regulations were put back in place, the government can come in and save the day, by lifting the regulations, again.
    So from 1930 to 1999 there were no loans by banks? Amazing.
    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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