Thousands of small banks will now disappear

Aoxomoxoa said:
This is thread about Dodd-Frank, so you might want to contribute more to the discussion than when asked what you liked about the Bill you said "all of it"!!
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No it isn't. It's a spin thread by our newest dumbass rightwinger. IOW, wholesale horseshit. Newbie can't even post his/her own thoughts but resorts to the ponderings of others, including those of a blogger who lionizes movie characters. Dodd-Frank is the banksters' worst nightmare. Suck it.
 
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Bijou said:
No it isn't. It's a spin thread by our newest dumbass rightwinger. IOW, wholesale horseshit. Newbie can't even post his/her own thoughts but resorts to the ponderings of a blogger who lionizes movie characters. Dodd-Frank is the banksters' worst nightmare. Suck it.
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No it is not, that is the point. You speak about someone who refuses to use his own words, yet when asked what YOU specifically like about the bill, you cannot respond but with insults?
 
Superfreak said:
No it is not, that is the point. You speak about someone who refuses to use his own words, yet when asked what YOU specifically like about the bill, you cannot respond but with insults?
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Not 'cannot'. 'Won't'. There's a difference. This is a stupid spin thread. If I felt compelled to debate it, I would. What usually compels me is sincere interest in a discussion emanating from an interesting individual. I don't see any of that here. I see a lot of smug blowhards throwing out chum. Yawn.
 
Bijou said:
No it isn't. It's a spin thread by our newest dumbass rightwinger. IOW, wholesale horseshit. Newbie can't even post his/her own thoughts but resorts to the ponderings of a blogger who lionizes movie characters. Dodd-Frank is the banksters' worst nightmare. Suck it.
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Dodd-Frank is London's best friend so we thank you for it in advance. Maybe you would like to explain why it is superior to the reintroduction of Glass-Steagall? Something that prevented banking meltdowns for over 70 years until Clinton signed it away at the fag end of his presidency.
 
Aoxomoxoa said:
Dodd-Frank is London's best friend so we thank for it in advance. Maybe you would like to explain why it is superior to the reintroduction of Glass-Steagall? Something that prevented banking meltdowns for over 70 years until Clinton signed it away at the fag end of his presidency.
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It isn't superior to Glass-Steagall. What it is, hopefully, is a turn that might get us back in the direction of reinstatement of Glass-Steagall. Dodd-Frank is a start, a good one, meager as it is. The stranglehold enjoyed by the banks over our bought-and-sold leadership won't be broken overnight but in incremental steps. This one was a crucial first step.
 
Bijou said:
It isn't superior to Glass-Steagall. What it is, hopefully, is a turn that might get us back in the direction of reinstatement of Glass-Steagall. Dodd-Frank is a start, a good one, meager as it is. The stranglehold enjoyed by the banks over our bought-and-sold leadership won't be broken overnight but in incremental steps. This one was a crucial first step.
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It is putting the cart before the horse, Glass-Steagall could have been enacted and be up and running now, my God they could even doubled the number of pages to seventy odd rather than the original 34 pages. The vast majority of Dodd-Frank hasn't even been implemented yet and is a gift to financial lawyers and the like.
 
Aoxomoxoa said:
It is putting the cart before the horse, Glass-Steagall could have been enacted and be up and running now, my God they could even doubled the number of pages to seventy odd rather than the original 34 pages. The vast majority of Dodd-Frank hasn't even been implemented yet and is a gift to financial lawyers and the like.
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Whatever works. You miss the point if you believe Glass-Steagall would've just been 'enacted' by the obstructionist bank whores in Congress. Dodd-Frank is the route they were reduced to, and it is a start, however imperfect. People have awakened. That had to happen first. Pain and loss is quite effective in that regard.
 
Bijou said:
Whatever works. You miss the point if you believe Glass-Steagall would've just been 'enacted' by the obstructionist bank whores in Congress. Dodd-Frank is the route they were reduced to, and it is a start, however imperfect. People have awakened. That had to happen first. Pain and loss is quite effective in that regard.
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I don't buy that, even John Reed the guy that managed to kill it in the first place wanted it back. It is also supremely ironic that Dodd said "I welcome this day as a day of success and triumph" when the Gramm-Leach-Bliley Act was passed.

http://www.huffingtonpost.com/2009/05/11/glass-steagall-act-the-se_n_201557.html

http://www.tnr.com/blog/the-stash/the-man-who-killed-glass-steagall-wants-it-back#
 
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Bijou...All part of the reason I thought we needed another 4 years of republican control...give them enough rope etc. I think the Occupy movement did wonders at helping that awakening...or giving it a voice. Now along with that we need to bring climate change and the future of humanity into it as well...they are related.

Those that believe the "real" Americans are white and in control lost big and will continue to lose big. This was the beginning of what started way, way back. Democracy...if we can keep it.
 
Haiku said:
Bijou...All part of the reason I thought we needed another 4 years of republican control...give them enough rope etc. I think the Occupy movement did wonders at helping that awakening...or giving it a voice. Now along with that we need to bring climate change and the future of humanity into it as well...they are related.

Those that believe the "real" Americans are white and in control lost big and will continue to lose big. This was the beginning of what started way, way back. Democracy...if we can keep it.
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Indeed. And whatever 'awakening' fails to occur will inevitably come about when the pain is great enough. The white righty bigot status quo's tolerance for others' pain will continue to backfire as we're now seeing.
 
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