Retirement: A third have less than $1,000 put away

evince said:
http://www.sec.gov/news/press/2004-73.htm



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).
Click to expand...

Looks to me like they came to an agreement.


then they kept postponing the implymentation
 
evince said:
Looks to me like they came to an agreement.
then they kept postponing the implymentation
Click to expand...

Yes... just like Obama keeps postponing implementation of the ACA. You see a grand conspiracy with the banks, do you see the same with the ACA desh? Who is Obama protecting by postponing?

Why is he doing that?
 
Superfreak said:
They weren't protecting anything you fucking retard. You keep saying that, but you REFUSE to address which of the rules that have since been implemented would have stopped the downturn. The only thing that would have is to have not repealed Glass Steagall in the first place. The merger of retail and investment bank was the mistake.

A few rules on who has to register as a broker dealer was not the problem.
Click to expand...

who sold the securities that ruined everything?


I just proved they agreed on the rules back in 2004.

so you need to give an alternate answer because your answer was wrong
 
evince said:
who sold the securities that ruined everything?


I just proved they agreed on the rules back in 2004.

so you need to give an alternate answer because your answer was wrong
Click to expand...

again moron... is that the date that it passed the House and Senate? Or was that the commission that agreed on it?
 
evince said:
Look I proved your first theory wrong.

will you be as gracious as I was ?
Click to expand...

No... you did not you fucking idiot. This is the same stupid crap you were trying to pull before with the lagging indicator. You don't know what you are talking about, but you insist you do. You are a fucking simpleton.
 
We conclude widespread failures in financial regulation and supervision proved devastating to the stability of the nation’s financial markets.

"More than 30 years of deregulation and reliance on self-regulation by financial institutions, championed by former Federal Reserve chairman Alan Greenspan and others, supported by successive administrations and Congresses, and actively pushed by the powerful financial industry at every turn, had stripped away key safeguards, which could have helped avoid catastrophe. This approach had opened up gaps in oversight of critical areas with trillions of dollars at risk, such as the shadow banking system and over-the-counter derivatives markets. In addition, the government permitted financial firms to pick their preferred regulators in what became a race to the weakest supervisor."


http://en.wikipedia.org/wiki/Financ...mission.27s_investigation_and_public_response
 
evince said:
to not implement for nearly a decade the GLBacts broker rules was just that huh
Click to expand...

No moron... it wasn't. Again... you keep SAYING the above, but you refuse to point out which rule would have prevented it. Why Desh? Why do you refuse to discuss the actual RULES? Oh yeah, because you don't understand them.
 
http://en.wikipedia.org/wiki/Gary_J._Aguirre


Gary J. Aguirre

From Wikipedia, the free encyclopedia

Jump to: navigation, search


For the singer-songwriter born Gary Jules Aguirre, Jr., see Gary Jules.


Gary J. Aguirre


Nationality
American

Education
B.S., LL.B, M.F.A., LL.M

Alma mater
University of California, Berkeley
UC Berkeley, School of Law
UC Los Angeles
Georgetown University Law Center

Occupation
Lawyer

Years active
1967–present

Employer
The Aguirre Law Firm

Website

aguirrelawfirm.com

Gary J. Aguirre is an American lawyer, former investigator with the United States Securities and Exchange Commission (SEC) and whistleblower.

After working in a law firm briefly, he became a public defender, then worked as a trial lawyer in California. Having reached his professional and financial goals, he took an extended break in 1995. In 2000, he decided to go into public service and went back to law school, focusing on international and securities law.

After earning his second law degree, he applied for a job with the SEC, where he became the lead investigator on an insider trading case involving Pequot Capital Management. Suspecting the leaked information came from John J. Mack, a Wall Street titan and major contributor to the 2004 campaign of President George W. Bush, Aguirre wanted to subpoena Mack, but supervisors told him Mack had too much "political clout" and would not be pursued. Aguirre complained to a superior about the preferential treatment being given Mack and was fired without warning. A Senate investigation later found his termination to have been an illegal reprisal.[1]
 
which republicans in the congress were fighting the banks fight while they performed practices that would Fuck the entire nation?
 
can you find the exact complaints of the banks that made the law uninforciable as is?

How is it they could just keep getting the rules rewritten on their request?
 
You must log in or register to reply here.
Back
Top