Stein to Mr. LoBiondo, Facts can be a Funny Thing
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This video is a response to Gov. Ed Rendell Yells at Leslie Stahl; Calls Her an Idiot, Simpleton
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You shouldn't have to explain to the host what Glass-Stegall was. Terrible how "Jason" blantanly lied like that.
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mstearne, it's been this long since I logged in, 2 months. thanks
p.s. I had much less to say in 2009 when I ran as gadfly for governor while supporting my opponent................Chris Christie. Proof?.....youtube isn't letting me post another video, will try in next thread
Stein4Congress 1 year ago
I never explained to the host or listeners, that Glass-Steagall was legislation (law) designed to prevent another speculative bubble on Wall Street like the one in the 1920's. It separated investment banks (Wall Street) from commercial banks (Main Street). It was on the books for 70 years, Congress (LoBiondo) repealed it in 1999, paving the way for the Wall Street take over of banks, and ultimately the "creative" loan products that fueled the housing bubble up through 2007
Stein4Congress 1 year ago