Gramm-Leach-Bliley Act of 1999-Part 1

Dorgan Speaks

Category:

News & Politics

Tags:

• Gramm-Leach-Bliley
• Act
• of
• 1999

[MsZeitgeist85]

Thank you Byron Dorgan. Phil Gramm Roast in hell you piece of shit.

[waguserb]

@MsZeitgeist85 : For additional information that will really make you mad see

Behind the Meltdown and Bailouts Pt1 Pt2 Pt3 Pt4. Brooksley Born chairman of

the CFTC in 1998 tried to regulate derivatives and was pretty much hammered

by Phil Gramm in committee. Also, Greenspan, Rubin, and Summers as a group killed any chance she had of being effective.

[willb48]

A prophet is not without honor save in his own country.

[Beelzebud]

Spread this around.  This is a very important video.

[MoralMoney]

@jimgodfree Well, say what you want about Clinton, but a governor from Arkansas is not representative of the entire party. Are you saying that financial deregulation is a liberal ideal? I think it's pretty clear this act was a part of the continuous financial deregulation led by conservatives. It started in the Reagan era and continued right into the recession. And now Republicans want more deregulation and less oversight?!! It blows my mind how that can make sense to people.

[IngloriusBastard11]

Ask yourself this question. Why in the hell wasn't anyone listening to this guy? You do know that Phil Gramm, a sponsor of this bill that essentially wiped out the Glass-Steagall Act, got a nice cushy consulting job with the banks after he blew up the country. As of 2009, Gramm is employed by UBS AG as a Vice Chairman of the Investment Bank division. That was his reward for almost wiping out the middle class in America.

[jimgodfree]

@MoralMoney You do know that the Gramm–Leach–Bliley Act, aka Financial Services Modernization Act of 1999, was signed into law by President Bill Clinton, right? Both major parties were in on this.

[nancymcgill]

@MsZeitgeist85 7 Dems brave enough to vote against: Dorgan (ND) Feingold (WI) Wellstone (MN) Mikulski (MD) Harkin (IA) Boxer (CA) Bryan (NV) 1 Republican voting against! Shelby (AL)-----I've always wondered why!

[generatordoc]

I wish I was sharp enough to get a large enough contingent of people together to get this piece of crap legislation repealed. Byron Dorgan is right on. Fox in the henhouse, for sure.

[OneNationUnderCanada]

People are so brainwashed. They thing voting for different parties has an effect but regardless who is elected because we already sold our souls to the banks with the financial modernization act 1999. The only outcome is people smarten up organize via social networks and demand the repeal of gram leach bliley act.

[RobinHerzig]

Throw in Brooksley Born + you've got my vote!!

[llrond]

The financial system of this country will collapse sooner or later, it is just the nature of human that people are greedy, selfish and always try find ways to exploit the system