Bill Clinton signed the bill

Bush got in national TV and announced the crash a week before the new rules were actually implemented.

He knew ( was told by his handlers) that it would all come crashing down
 
Taft2016 said:
Repealing Steagall did not spread poison assets throughout the economy, take the bad loans off the banks' books, and clear the decks for more bad mortgages to be issued.

Did it?
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dear fucking idiot ,


that is what happened no matter how much you scream for more shoes to lick and a bigger cock in your ass
 
evince said:
dear fucking idiot ,


that is what happened no matter how much you scream for more shoes to lick and a bigger cock in your ass
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I guess I'll have to take that as a "No, you're right. Good point. Please accept free use of my diseased vajayjay as payment in restitution."
 
there are reasons people think the republicans are criminals.


good reasons.

Your party is run by sociopaths
 
evince said:
dear fucking idiot ,


that is what happened no matter how much you scream for more shoes to lick and a bigger cock in your ass
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This is what happened....from the mouths of Democrats...

Barney Frank admits
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/23/barney-frank-fesses-up-on-financial-crisis
----------------------------------------------------------------
Frank lies about Communiity Reinvestment Act
http://startthinkingright.wordpress.com/tag/barney-frank/
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This video clearly shows that George Bush warned Congress starting in 2003, that this economic [financial] crisis was coming if something was not done. But Congress refused to listen, along with the arrogant Congressman, Barney Frank. This video says it all. The liberal media reportedly did not want this video on You Tube; it was taken off. This link is of the same video, but is routed through Canada . Everyone in America needs to see this before it is yanked off the Internet again!
http://www.youtube.com/watch_popup?v=cMnSp4qEXNM&NR=1
 
http://www.ct.gov/dob/cwp/view.asp?a=2252&q=299206


WHEREAS in entering the July 18, 2001 Extension Order, the SEC found that the July 18, 2001 Extension Order was necessary and appropriate in the public interest and consistent with the protection of investors; that postponed implementation of the Interim Rules would prevent banks from unnecessarily incurring costs to comply with the statutory scheme based on the Interim Rules rather than the rules as amended; and that delayed implementation would give the SEC time to fully consider comments received on the Interim Rules and amend the Interim Rules as necessary;
 
I have given you actual things that happened that proves the banks had no broker rules for nearly a decade because of republicans actions.

they gamed a bill passed by the people and ONLY implemented the parts the big banks wanted
 
Who you gonna believe......

Barney Frank or desh ?

US News or desh ?

The Wall Street Journal or desh ?

The Atlantic or desh ?
 
evince said:
http://www.sec.gov/news/press/2004-73.htm


SEC Votes To Propose Provisions Implementing Gramm-Leach-Bliley Bank Broker Rules

FOR IMMEDIATE RELEASE
2004-73


Washington, D.C., June 2, 2004 - The Securities and Exchange Commission today voted to publish for comment proposed Regulation B. This new regulation is designed to implement provisions of the Gramm-Leach-Bliley Act of 1999 that delineate the securities activities banks may engage in without registering as brokers under the Securities Exchange Act of 1934.

Regulation B Proposals

The Gramm-Leach-Bliley Act (GLBA) replaced banks' complete exception from the definition of "broker" with eleven "functional exceptions." The Commission today voted to propose new rules to implement the GLBA definition by defining some of the statutory terms used in the eleven exceptions. It also proposed a number of new exemptions for some particular bank activities, under conditions that are consistent with investor protections. All of these provisions build off of rules the Commission adopted in 2001 (Interim Rules).
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this
 
evince said:
http://www.sec.gov/news/speech/2006/spch092106cc.htm


Speech by SEC Chairman:
Gramm-Leach-Bliley Seven Years Later

by

Chairman Christopher Cox

U.S. Securities and Exchange Commission

Financial Services Roundtable 2006 Fall Conference Leadership Lunch
Washington, D.C.
September 21, 2006

Thank you, Bill [Walton], for those kind words. It's a pleasure to get back together with this group, who together are responsible for financing 60% of the U.S. economy — from mortgages to credit cards to commercial credit. As you know, a little over a year ago, I gave my maiden speech as SEC Chairman to the Financial Services Roundtable. It was kind of you to extend that early opportunity, but of course, since I'd been on the job only a few weeks, I didn't have a great deal to report. This time, I've got a lot more we can talk about.
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this
 
Bill Clinton signed the legislation that repealed Glass-Steagall.


http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Legislation#Glass.E2.80.93Steagall_from_1995_to_repeal_.281999_Gramm.E2.80.93Leach.E2.80.93Bliley_Act.29
 
yes and if you signed a contract and then your fellow signer refused to meet their obligations of the contract you could sue the fuck out of them.

what can we do to the republicans who CHEATED this country by refusing to honor the contract?
 
You like the fucking dishonest piece of pond scum you are blame the guy who was cheated huh?


its why I hate your party

your all fucking liars
 
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