Glass-Steagall Act of 1933 explained by Max Keiser & William Black & Webster Tarpley

a summary of the Glass-Steagall Act of 1933 taken from the movie Fall of the Republic
http://www.falloftherepublic.com
released on October 21st 2009

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[mojorhythm]

@Tsugua21 Democrats are not dumb....they are completely full of shit. There is a difference. They at least accept the scientific consensus on climate change and evolution. They are just faux progressives out to serve the banks like the Republicans. The GOP just makes less of a secret about it.

[Threeshammy]

Provisions that prohibit a bank holding company from owning other financial companies were repealed on November 12, 1999, by the Gramm–Leach–Bliley Act, named after its co-sponsors Phil Gramm (R, Texas), Rep. Jim Leach (R, Iowa), and Rep. Thomas J. Bliley, Jr. (R, Virginia).

What do the R's after the people's name mean? Are those the people who know better?

[navyk77]

@kristigator Oh hey, there you are again. I really think you should not invest so much emotion into one party, since it only makes you look rather foolish. The facts are the R's introduced the repeal and voted for the repeal when they controlled Congress. The only person who speaks the truth is Paul, and the Rs and their supporters are too brainwashed by your Koch bros to vote him in.

[kristigator]

@mojorhythm Clinton signed the bill! Alan Greenspan began to unravel Glass Steagall and Frank Dodd bill, under Owebama, put the nail in the coffin...WAKE UP! Stop listening to the empty suit in front of the teleprompter! He would rather sell us out than protect this country! HE MUST GO!!

[mojorhythm]

@capt251978 Sort of like choosing between Coke and Pepsi.

[capt251978]

@mojorhythm You are correct sir.Both parties are just two different branches of the same party with little more than superficial differances.

[Tsugua21]

@mojorhythm Dude, Democrats are dumb as hell. I've never met a smart Democrat in my life

[mojorhythm]

@Threeshammy That's right.  Sometimes Max Keiser makes no sense....

[mojorhythm]

Wait a minute Max.....the Gramm-Leach-Bliley act was co-sponsored by three Republicans. It was a Democrat (John Dingell) who first argued against it, saying it would cause banks to become too big to fail.

Moreover, don't say that the Democrats are clueless on finance and markets. They are just as deep in the pockets of the business world as the Republicans. And it is a fucking travesty that they are.

[watertonrivers]

@dagobaker You are right about ol' Honest Abe and there's more; He was responsible for the largest mass execution in American history when he ordered the hanging of 38 Sioux Indian prisoners who were guilty of nothing!!