long impasse between the SEC and banks regarding the appropriate interpretation

evince said:
"We are here today to repeal Glass-Steagall because we have learned that government is not the answer. We have learned that freedom and competition are the answers. We have learned that we promote economic growth and we promote stability by having competition and freedom.

"I am proud to be here because this is an important bill; it is a deregulatory bill. I believe that that is the wave of the future."
he quotes Phil Gramm
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he fucked you too


but you still defend him
 
Why put this old ancient history bullshit in a Current Events thread....this crap is 15 years old and your lies are even older.....

For your own good desh, get back on your meds....and think about committing yourself for a 30 day observation and evaluation....

There are 23 posts in your thread and 22 of them are yours.....does that not show you something ?
In the meantime, get educated....

http://www.washingtontimes.com/news/2010/nov/15/what-caused-the-financial-crisis/

https://en.wikipedia.org/wiki/Financial_crisis_of_2007–08
 
evince said:
FACTS don't have an experation date you evil fucking asshole
Click to expand...

Since you like FACTS so much... tell us... WHICH of the rules would have prevented the crash?

Or will you run away from answering that question AGAIN? (because in reality, you don't have a fucking clue what those rules even mean)
 
why don't you tell me why they dont matter like you fucking claim?



because your a republican ass licker with a very tired tongue
 
evince said:
why don't you tell me why they dont matter like you fucking claim?



because your a republican ass licker with a very tired tongue
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So once again Desh RAN AWAY from answering the question.

I have never stated they do not matter. I stated that you have no fucking clue what they mean. Which is precisely why you RUN AWAY.

Or will you finally, after years of bringing this up... TELL US... WHICH RULE(S) WOULD HAVE PREVENTED THE CRASH.
 
Desh, can you explain which rule or rules would have prevented the crash for our gentle readers?
 
evince said:
The FRB and the SEC approved Regulation R ("Final Regulation R") implementing the bank broker push out provisions under Title II of the Gramm-Leach-Bliley Act of 1999 ("GLBA"). A bank or thrift (collectively, a "bank") must start complying with Regulation R on the first day of the bank’s fiscal year starting after September 30, 2008, which for many banks will be January 1, 2009.

Regulation R was proposed by the FRB and the SEC jointly in an effort to resolve a years-long impasse between the SEC and banks regarding the appropriate interpretation of 11 statutory exceptions in the GLBA. The exceptions were intended to preserve bank activity after Congress repealed the blanket bank exception from broker regulation. The repeal was long-sought by the SEC in order to provide for functional SEC regulation of bank broker activities in response to banks’ entry into broader financial services securities activities, including the retail sale of mutual funds, in the 1980s.

To provide greater certainty to banks, the SEC made several attempts to issue regulations (proposed Regulation B in 2004 and the Bank Broker-Dealer Interim Final Rules in 2001) – these attempts were criticized by banks, banking agencies, and some members of Congress. Last fall, in adopting the Financial Services Regulatory Relief Act of 2006, Congress required the SEC to withdraw its rules and issue new rules jointly with the FRB in consultation with the other federal banking agencies.

Final Regulation R generally reflects proposed Regulation R, but also addresses banks’ concerns regarding legal and enforcement risk and contains further easing of bank regulatory burden in discrete areas, notably the "chiefly compensated" income test for exempted trust/fiduciary activity, the types of referral compensation permitted under the networking exemption, the scope of exempted custody activity, sweeps of deposit funds collected by another bank, and exempted transactions in variable insurance products effected with an insurance company.

Significant changes made by Regulation R, in comparison with previous proposals, are summarized below.



http://www.mondaq.com/unitedstates/x...e+Regulation+R
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already id you fucking divertabots when I opened the threadd you fucking assholes
 
So gentle readers Desh won't say in her own words which rule or rules would have prevented the crash.
 
The gentle reader hasn't seen a post where you in your own words explain to them which rules would have prevented the crash
 
evince said:
already id you fucking divertabots when I opened the threadd you fucking assholes
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again Desh... posting links to things only helps if you explain HOW they would have prevented the crash. Nothing in that post does that. You don't even understand the rules... which is again why you cannot answer the question.
 
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