Bill Clinton signed the bill

then they didnt allow any of even the temp ones to implement.

fuck you and YOUR interpitation.

Ill take these expert ones asshole

RETAIL Banks Desh, not all banks you fucking moron. That is what happened when CLINTON repealed Glass Steagall. The RETAIL banks always had exemption, because they were not allowed to sell securities. The investment banks always were covered by SEC 1934. Anyone selling stocks, bonds, etc... were covered. The question was what exemptions to continue to allow the RETAIL side of the banks. That was what was put in place. Those people were NOT selling stocks, bonds etc... you fucking moron.
 
The Gramm-Leach-Bliley Act (GLBA) replaced banks' complete exception from the definition of "broker" with eleven "functional exceptions."


right from the SEC asshole

Again MORON... you have proven you have no fucking clue as to what banks they are referring to. Nor do you understand the term broker.
 
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).
 
And what caused the crash darling? Inflated housing prices, because anyone could get a mortgage. And then people not repaying their mortgages.

And when banks tried to be cautious they were punished by the government. Because obviously the right-wing extremists were hell-bent on minority home ownership.

Who took the loss? The banks and the financial institutions. How many of them are no longer in existence?

It is encouraging when people like you "get" it.
 
see how stupid you two are?

you want to give the very banks who fucked us a free pass after your party gave them a free pass to fuck us
 
http://nypost.com/2013/09/17/dems-also-responsible-for-financial-crisis/

Another Rubinite inside the Clinton administration was Timothy Geithner, who then became president of the New York Federal Reserve Bank, perhaps the second-most powerful position at the Fed. Its main job is to regulate the big New York banks — the ones that eventually blew up.


You’d think this wouldn’t be a track record to brag about, since Geithner was at the New York Fed from 2003 to 2008 — when the banks’ risk-taking first went wild, then exploded. But that didn’t stop Obama from making Geithner his first Treasury chief and now taking his advice about who to make the next Fed chairman.

ooooooops

Nothing to say Desh?
 
see how stupid you two are?

you want to give the very banks who fucked us a free pass after your party gave them a free pass to fuck us

Who was the NY Fed head at the time Desh? Who was it that repealed Glass Steagall?

Summers, Clinton, Geithner... names ringing a bell for you yet Desh?
 
Then your party cheated its way into office and held back the parts of the bill the banks didn't like
 
RETAIL Banks Desh, not all banks you fucking moron. That is what happened when CLINTON repealed Glass Steagall. The RETAIL banks always had exemption, because they were not allowed to sell securities. The investment banks always were covered by SEC 1934. Anyone selling stocks, bonds, etc... were covered. The question was what exemptions to continue to allow the RETAIL side of the banks. That was what was put in place. Those people were NOT selling stocks, bonds etc... you fucking moron.

You do know that you are trying to argue with an idiot. Never argue with an idiot; they will only try to bring you down to their level, then beat you with experience.
 
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