21st Century Glass-Stengall Act introduced into U.S. Senate

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    21st Century Glass-Stengall Act introduced into U.S. Senate

     

     
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    Re: 21st Century Glass-Stengall Act introduced into U.S. Senate

    It will only be there until the politicians can use it to extort more "donations" from banks to get rid of it.

    Sorry to be so cynical but that is the truth.

    Meanwhile Congress spends the money they take from our paychecks for Social Security and no one seems to care.

     
  3. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: 21st Century Glass-Stengall Act introduced into U.S. Senate

    In response to Hansoribrother's comment:

    It will only be there until the politicians can use it to extort more "donations" from banks to get rid of it.

    Sorry to be so cynical but that is the truth.

    Meanwhile Congress spends the money they take from our paychecks for Social Security and no one seems to care.



    The left wrings their hand about the pennies in the free market while dollars being wasted by the government float by....

     
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  5. You have chosen to ignore posts from DamainAllen. Show DamainAllen's posts

    Re: 21st Century Glass-Stengall Act introduced into U.S. Senate

    If you take part in the banking system then this bill is a common sense issue.  The Wall Street investment culture is often described as a casion.  To carry that analogy further, would you patronize a bank that also operated a massive gambling operation while utilizing your savings account as leverage to keep making its bets, especially when after using your money to make bets they keep all the profits and you get nothing in return?  On the flip side would you patronize a bank knowing that when the gambling side of the house went bust you and everyone else would have to pony up cash to keep both the gambling side and your bank account afloat?  Of course not, but yet this is what happens in the current banking environment, and given the mergers and aquistions of the past several years people have less and less options available.  This needs to pass, there is no good reason to allow banks to leverage their capital the way they did in the run up to the recession.  

     
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