I am very big on data and facts....but I am not su
Post# of 65628
Posted On: 02/04/2016 7:11:15 PM
I am very big on data and facts....but I am not sure what you all are discussing. Must have missed the start of such.
If you all are discussing the great economic collapse...which has not happened yet.....it fits well in history and current hypocrisy. Again, President's and their Administration's have little bearing on the economy. But when they do...it grows from the FED RES .... and Lawmakers. When this happens....failure becomes evident:
http://www.americanbanker.com/175/greenspan-u...317-1.html
Of course it went into action when Bill Clinton signed it. But before such....:
(senate) https://www.govtrack.us/congress/votes/106-1999/s105
(House) https://www.govtrack.us/congress/votes/106-1999/h570
Yet go back to the late 80's and the SOB who was pushing it....would love to see a question regarding such tonight during the debate..... then again.....few probably understand it.
If you all are discussing the great economic collapse...which has not happened yet.....it fits well in history and current hypocrisy. Again, President's and their Administration's have little bearing on the economy. But when they do...it grows from the FED RES .... and Lawmakers. When this happens....failure becomes evident:
Quote:
1987
Greenspan Urges Glass-Steagall Repeal
WASHINGTON, Nov. 19 — Federal Reserve Board Chairman Alan Greenspan urged Congress on Wednesday to strike down barriers that have kept bank holding companies out of the securities underwriting business.
In an appearance before a House Banking subcommittee, Mr. Greenspan said repeal of the Glass-Steagall Act would lead to lower costs and wider availability of investment banking services for businesses and state and local governments.
But he said repeatedly that bank involvement in underwriting would have only a minor impact on pricing. And he reiterated his view that healthy competition already exists within the securities industry.
Mr. Greenspan's testimony — his first before Congress since the stock market plunge — provided the greatest detail to date of his stand on Glass-Steagall and banking deregulation since he became Fed chairman in August.
http://www.americanbanker.com/175/greenspan-u...317-1.html
Of course it went into action when Bill Clinton signed it. But before such....:
(senate) https://www.govtrack.us/congress/votes/106-1999/s105
(House) https://www.govtrack.us/congress/votes/106-1999/h570
Yet go back to the late 80's and the SOB who was pushing it....would love to see a question regarding such tonight during the debate..... then again.....few probably understand it.
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