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Thread: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

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    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by Paschendale View Post
    We should have punished the companies that damaged the economy instead of giving them more gifts and more power. The people who ran them should be in jail. The pilfered money should have been returned to the people it was stolen from. The companies should have been either dissolved or turned over from their corrupt owners down the chain within the company, or liquidated and distributed among the employees.

    Hurting the country, especially on such a large scale, for one's own gain... that should be punished. Severely.
    I feel the same about government and the "war" on poverty



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    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by TheDemSocialist View Post
    Yea they have total control...
    I think you might of forgot about one chamber of congress...
    They passed Obamascare without a single vote. Glass-Steagal should have been a piece of cake. Why do you think there was no attempt?
    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: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by TheDemSocialist View Post
    Read more @: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    This is an outrage. We went the total wrong direction on this. Instead of ending this too big to fail ****, its gotten worse! We need to bring back Glass Stegal. [/FONT][/COLOR]
    I find little to like with Senator Warren, but I agree with her on this.
    This Reform Party member thinks it is high past time that we start electing Americans to congress and the presidency who put America first and their political party further down the line. But for way too long we have been electing Republicans and Democrats who happen to be Americans instead of Americans who happen to be Republicans and Democrats.

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    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by TheDemSocialist View Post
    Read more @: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    This is an outrage. We went the total wrong direction on this. Instead of ending this too big to fail ****, its gotten worse! We need to bring back Glass Stegal. [/FONT][/COLOR]
    Weird but wasn't Dodd-Frank suppose to address this?

    http://www.banking.senate.gov/public...mary_Final.pdf

    Why yes, yes it was...and just how much support did Warren's opposing party give to this legislation...? And NOW you expect it to change?
    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure" - 2006 Senator Obama...leadership failure indeed!

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    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by TheDemSocialist View Post
    ...We need to bring back Glass Stegal.
    Even then it will probably not be enough to address YOUR concerns:

    Beginning in the 1970s and 1980s, requests for approval to engage in a greater universe of securities activities were largely granted by the OCC and the FRB, and, in most cases, have been approved by courts. By the time that the GLBA was enacted in 1999, the FRB had authorized certain BHCs and their subsidiaries to underwrite and deal in an array of bank-ineligible securities, including municipal bonds, commercial paper, mortgage-backed securities and other consumer-related securities, corporate debt securities, and corporate equity securities.21 In addition to underwriting and dealing activities, the FRB also approved other securities activities such as the provision of investment advice,22 the brokering of securities,23 and others. The FRB promulgated the list of permissible nonbanking activities at 12 C.F.R. 225.28(b).
    pg 4
    http://www.fas.org/sgp/crs/misc/R41298.pdf
    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure" - 2006 Senator Obama...leadership failure indeed!

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    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by Dickieboy View Post
    Even then it will probably not be enough to address YOUR concerns:


    pg 4
    http://www.fas.org/sgp/crs/misc/R41298.pdf
    Because in 1999 it was repealed.


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    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by apdst View Post
    They passed Obamascare without a single vote. Glass-Steagal should have been a piece of cake. Why do you think there was no attempt?
    Because of Dodd-Frank.....


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    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by TheDemSocialist View Post
    Because of Dodd-Frank.....
    Thats your party.
    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.

  9. #19
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    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by TheDemSocialist View Post
    Read more @: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    This is an outrage. We went the total wrong direction on this. Instead of ending this too big to fail ****, its gotten worse! We need to bring back Glass Stegal. [/FONT][/COLOR]

    Warren's such a partisan tool.

    Glass Steagal ? Right, she left something out.

    SEC Charges Former Fannie Mae and Freddie Mac Executives with Securities Fraud; Release No. 2011-267; December 16, 2011
    The New Democratic Party Slogan :

    " Return to Power By Any Means Necessary "

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    Re: Elizabeth Warren: 'Too Big To Fail' Is Worse Than Before Financial Crisis

    Quote Originally Posted by TheDemSocialist View Post
    Because in 1999 it was repealed.
    Yes, you're right. Did you read the link I provided? If so you noticed that the relevant portions of GS to your supposition had long been 'weakened' by the FRB (who under GS had the authority to make these 'adjustments')...PRIOR TO THE REPEAL (GLBA). We can only presume that these portions, sections 20 & 32 (?), wouldn't be enforced again.
    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure" - 2006 Senator Obama...leadership failure indeed!

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