Desh blames Bill Clinton for financial crash

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canceled.2021.1

#AMERICAISDEAD
I never thought I would see it, but it is true. Desh blames the financial crash on repeal of Glass Steagal. Well, who repealed Glass Steagal? That would be one William Jefferson Clinton.

Holy shit. Can you believe that Desh blamed a democrat?

Alert the media

Stop the presses

Will Desh be kicked out of the democrat party now?

Does this mean there is hope for Desh?

Stay tuned
 
which party held back the protections written into the law right up until days after Bush had to announcing he crashed the world economy with his policies
 
http://www.sec.gov/news/press/2007/2007-190.htm


SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers

Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented

FOR IMMEDIATE RELEASE
2007-190

Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.
 
evince said:
http://www.sec.gov/news/press/2007/2007-190.htm


SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers

Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented

FOR IMMEDIATE RELEASE
2007-190

Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.
Click to expand...


and ONCE AGAIN... those broker rules were EXEMPTIONS... meaning they DEREGULATED, they did not increase regulation.
 
what were the rules in the meantime.

Lets remember the banks had no rules on who could be a broker yet huh
 
tell me what the reason was that the SEC did this to the banker rules for years under Bush.

what were they trying to do that made it impossible to ACT for YEARS?
 
evince said:
what were the rules in the meantime.

Lets remember the banks had no rules on who could be a broker yet huh
Click to expand...

Once again you demonstrate that you have no clue what you are talking about. Do you know the difference between retail and investment banks? Do you understand that those people who sell stocks/bonds HAD to be licensed prior to GLB and prior to the broker rules being in affect?
 
evince said:
tell me what the reason was that the SEC did this to the banker rules for years under Bush.

what were they trying to do that made it impossible to ACT for YEARS?
Click to expand...

1) The SEC took time to implement the rules because they did not want to give out too many EXEMPTIONS to licensing requirements Desh.
2) You tell me, apparently you have some secret that you wish to share.
 
Post the list of prosicutions of the banks for securities violations under Bush.




If what you say has any validity you should be able to find a shit load huh?
 
Superfreak said:
1) The SEC took time to implement the rules because they did not want to give out too many EXEMPTIONS to licensing requirements Desh.
2) You tell me, apparently you have some secret that you wish to share.
Click to expand...


how different were the decided on rules from the rules written INTO the law?


do you know?
 
Desh, we get it. You think William Jefferson Clinton is responsible for the financial crash.

Hey, quick question. Do you think Billy was getting a mouth hug from Monica while he signed the repeal of Glass Steagal?
 
https://www.icba.org/publications/index.cfm?ItemNumber=1571&sn.ItemNumber=13783


Broker/Dealer Exemption Repealed (Effective Date: May 12, 2001)

The Securities Exchange Act of 1934 specifically exempted banks from the definitions of "broker" and "dealer." Thus, prior to enactment of the GLB Act, securities activities in banks were exempt from SEC regulation and from registration with the National Association of Securities Dealers (NASD) as a broker/dealer. The GLB Act, however, re-defines "broker" and "dealer" to include banks engaged in securities activities, subject to exceptions for the following activities and products:




But then the Bush SEC held back the definitions huh
 
Deshy, when are you going to take yes for an answer? We get it. You are right. William JEfferson Clinton trashed our economy by repealing Glass Steagal.

When will he go to jail or apologize?
 
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