The five most wanted men from Wall Street and Washington »
Posted By Radiofreeeuropa 1 year ago in Political News
What the hell's happening here? Why is my bank in the tank? And my house and job? And my retirement money? Even my state's teetering on the brink of broke! Who did this to us?
Read Full Story at hightowerlowdown.org »
252 Views Share Story 7 Comments Report
Submitted By:
Radiofreeeuropa
All progress comes from unreasonable people.
Rats live on no evil star!
Wasilla: All I saw...
Sorry, just palindroming around with terrorists.
Are you still ...
Other Related Articles:
RSS Join the Discussion
+ Add CommentComments So Far: 10 (view all)
-
-
100%
Radiofreeeuropa1 year ago
This comment is below the standard viewing threshold View It »
On Phil Gramm
Reply
"In 1999, as chair of the Senate Banking Committee, he had the power to implement some of his cockamamie dogmas. First, he pushed through a bill to dissolve the 1933 Glass-Steagall Act, a New Deal reform that prohibited banks, investment houses, and insurance companies from combining into one corporation. By keeping these components of our financial system separate, Glass-Steagall made sure that the crash of one of them would not bring down the other two. But a number of Wall Street banks, led by what would become Citigroup, saw a profit windfall for themselves if only they could scuttle the old law and merge banking, investment, and insurance into huge financial conglomerates. The senator was their ideological soul mate, and he was delighted to rig the system for them."
Anyone see the news about Citigroup today??
50,000 jobs axed.-
100%
italymeetsdixie1 year ago
This comment is below the standard viewing threshold View It »
I heard this morning on one of the big MSM's, I watched four, so am unsure which one I heard it from, that Citigroup execs are still keeping their bonuses this year, even with the massive layoff, stock price fall, and receipt of government funds. Shameful. Absolutely shameful.
Reply
-
-
-
-
-
67%
Charlson1 year ago
This comment is below the standard viewing threshold View It »
"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's the wave of the future, and I am awfully proud to have been a part of making it a reality." - Phil Gramm
Reply
The hit list of those most responsible for the mess we are in:
Phil Gramm
Alan Greenspan
Chris Cox
William Donaldson
Henry Paulson -
ellsworth-tooheyComment removed: Hard Banned
-
ellsworth-tooheyComment removed: Hard Banned
More News
Fox News Politics
Indian Prime Minister to Be Received in First State Visit at Obama White House
U.S. Enlists Allies in New Afghan Troop Surge
Kennedy Dispute Reveals Divide Among Catholics
For GOP, Health Is Only One Battle on Road to '10 Elections
Definite Maybes: Liberal, Moderate Dems Could be Pulled From Health Care Bill
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.