New report on how wall street paid for its own death

[evince]

and from everything that has been reported so far, only 15% of those elected dems have followed that platform. so is it really a party platform or is it smoke blown up the bases ass to make them think they are for the people?

How many of those who voted for the GLBact are still in office?

 

[cawacko]

Where am I talking about not punishing the indivudual democrats who voted for it because of lobbying?

When will you hold the R individuals who did that in the republican party responsible?

LMAO... in case you haven't been paying attention Desh the Republicans have gotten their asses kicked the last two elections.

 

[Cancel 2016.2]

Heres a clue , they dont HAVE to follow it , its the agreement the party comes to about the direction they collectively want to take.

If that is true Desh, then why did they decide on a direction that the BULK of them did not follow?

 

[evince]

Because they were taking lobby money or were misguided to its effect in some way.

 

[cawacko]

Because they were taking lobby money or were misguided to its effect in some way.

Who in Congress isn't taking lobbying money?

I do like the misguided part though. The Republicans have been recently misguided somehow to the effects of spending so much money. They probably listened to the Democrats and thought it was a good idea. That's what they get for trying to be bi-partisan.

 

[evince]

Your only problem with that is Dems spend less.

 

[cawacko]

Your only problem with that is Dems spend less.

Dems spend less what?

 

[evince]

http://www.heritage.org/research/fe...boc-C3-All-Recent-Administrations-Ran-Up.html

 

[uscitizen]

http://en.wikipedia.org/wiki/File:Gramm-Leach-Bliley_Vote_1999.png


The only dissent on this bill came from the dems.

Deregulation is not the answer to our problems even if they corps were able to buy some dems too.


Those dems departed from the Dem platform and got all bipartisan with the Rs huh?

Nice chart there Desh.

So Onlyu 1 republican in the senate opposed and 5 reps in the house.

Hmm looks kinda like a Republican sponsored thing to me.

 

[Cancel 2016.2]

http://www.heritage.org/research/fe...boc-C3-All-Recent-Administrations-Ran-Up.html

again, you look at who was President during those times.... you do realize the budget cannot pass without going through CONGRESS... you do realize that dont you?

Now... who had control of Congress the bulk of the time in that study????

Take a hard look at who had control the bulk of Clintons terms as well....

 

[evince]

Nice chart there Desh.

So Onlyu 1 republican in the senate opposed and 5 reps in the house.

Hmm looks kinda like a Republican sponsored thing to me.

It had been for years before it passed, Gramm had wet fdreams about it for years, he then left the congress and went to work for UBS and rode that Pony into the ground.

I also found out that the teeth part of this bill was not implemented until 8 years later arround fall of 2007 , right after the teeth were put it the house of cards fell for real.


Maybe the teeth was the only way they could get enough Dems support for the bill to pass it, then they kept the teeth out of it as long as they could.

 

[evince]

http://www.sec.gov/news/press/2007/2007-190.htm

 

[NOVA]

It had been for years before it passed, Gramm had wet fdreams about it for years, he then left the congress and went to work for UBS and rode that Pony into the ground.

I also found out that the teeth part of this bill was not implemented until 8 years later arround fall of 2007 , right after the teeth were put it the house of cards fell for real.


Maybe the teeth was the only way they could get enough Dems support for the bill to pass it, then they kept the teeth out of it as long as they could.

Listen closely.....

In the beginning...

1998 B.G...(before Gramm)
before Clinton signed Gramm bill.....

 

[NOVA]

Our problem was not in securities, insurance, banking, trust services, stocks, etc....

Blaming the Gramm bill is bullshit strawman crap.....

The problem was simply bad mortgages...condoned by Democrats
democrats brought suit against banks for not making loans to people that obviously couldn't pay them back....as the video proves, the banks caved and risked billions of their depositors dollars..risked and lost...

THE VIDEO IS PROOF POSITIVE...

desh's links proves absolutely nothing...

 

[reg373]

Even if blame could stick on Bill Clinton last decade, and minority Dem's this decade, it still comes down to lack of proper regulation. Deregulation of the financial industries has obviously failed IMO

 

[cawacko]

Even if blame could stick on Bill Clinton last decade, and minority Dem's this decade, it still comes down to lack of proper regulation. Deregulation of the financial industries has obviously failed IMO

All people involved are to blame. It's just a partisan pissing match trying to say "your side's all at fault" and "my side is innocent". On 'House of Cards' on CNBC they interviewed this seemingly smart lady from the SEC whose job was overseeing these CDO's and she admitted some of the stuff was over her head. Alan Greenspan of all people said he (with his staff of 200 PhD's) didn't fully understand all the intricicies (sp) of them either.

 

[evince]

Its really crazy how everytime deregulation brings us all nothing but a mess some idiots do all they can to try and deny it.

The chairman of the SEC Mr Cox who was appointed by Bush himself blames the GLBact 1999.

But some guy on the internets (you know that series of tubes) who has a fart avitar that is at an emotional level of a toddler knows better than all the finacial world experts like say nobel prize winners and SEC heads.

I hope Lush Limballs enjoys the idiot minions that he controls , who the fuck else would want them?

 

[cawacko]

Its really crazy how everytime deregulation brings us all nothing but a mess some idiots do all they can to try and deny it.

The chairman of the SEC Mr Cox who was appointed by Bush himself blames the GLBact 1999.

But some guy on the internets (you know that series of tubes) who has a fart avitar that is at an emotional level of a toddler knows better than all the finacial world experts like say nobel prize winners and SEC heads.

I hope Lush Limballs enjoys the idiot minions that he controls , who the fuck else would want them?

And deregulation, free markets and the encouragement of entrepreneurship have brought us in the U.S. the highest standard of living on the planet. But those stuck in the mindset that business is bad and corporations are evil are unable to step back and actually see that. See please continue acting like everything in the world revolves around Lush Limpballs. Ignorance is bliss sister.

 

[evince]

No a well regulated market and democracy brought us where we once were.

Now deregulation has screwed us.

 

[evince]

http://en.wikipedia.org/wiki/Standard_of_living_in_the_United_States


The standard of living in the United States is one of the top 20 in the world by the standards economists use as measures of standards of living. Per capita income is high but also less evenly distributed than in most other developed countries; as a result, the United States fares particularly well in measures of average material well being that do not place weight on equality aspects.

On comprehensive measures such as the UN Human Development Index the United States is always in the top twenty, currently ranking 12th. On the Human Poverty Index the United States ranked 16th, one rank below the United Kingdom and one rank above Ireland.[4] On the Economist's quality-of-life index the United States ranked 13th, in between Finland and Canada, scoring 7.6 out of a possible 10. The highest given score of 8.3 was applied to Ireland. This particular index takes into account a variety of socio-economic variables including GDP per capita, life expectancy, political stability, family life, community life, gender equality, and job security.[5]