Dylan celebrates 10th anniversary of Gramm Leach Bliley

This is pretty good. Dylan Ratigan celebrates (spoof) the birthday of Gramm Leach Biley bill that was the death of Glass Steagall and allows big banks to gamble with your money. I do like the part where he tries to tear the purse out of the woman's arms.

Copyright MSNBC 2009

Wall Street banks TARP stimulus bonuses Tim Geithner us dollar usdx Fed Federal Reserve Steagel Ron Paul Christopher Dodd Chris financial reform bill finance inflation deflation Central Banks Bank Wall Street interest rates HR H.R. 1207 liquidity silver gold Barney Frank Morning Meeting Citigroup out of order

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[qwertypoiu4321]

The US Federal State caused the economic contraction by coercion(violent regulation and inflation).

Fannie/Freddie/The Fed/HUD/CRA/State coercion caused the economic contraction, not Gramm-Leach-Bliley.

[fal2grace]

@qwertypoiu4321 Thanks for commenting.

[marinagipps]

Gramm Leach Bliley Act of '99 repealed Glass-Steagall Act of '32. The terror we've had on Wall Street deals w/the Deregulation of removing Glass Steagall 2 a large extent & Gram Leach Bliley Republican bill which allowed for banks 2 consolidate, creating a Financial Services industry so large & confusing that junk like derivatives, speculation, & credit default swaps are allowed in BANKS! HENCE...TOO BIG TO FAIL.

[fal2grace]

@marinagipps Thanks for commenting.

[oiuoiu988]

safe bankers?? is he kidding? i dont think dylan knows a lot about banking. safe banking hasnt existed in the united states for at least 78 years.

[fal2grace]

i think he was referring to banks decades ago that were "safe"... the casino banking in his perspective started about 10 years ago... thanks for commenting.

[BuzzEnWell]

And ontop Of All This, The Banks Are Charging Service Charges For Letting Them Gamble With Your Money,

[Motoicon]

I am totally grooving to the background tunage and Dylan's pimped out threads.......

[tobiasaurusrex]

When MSM frontmen say, "Can't I have conscience, sometimes?"

[oiuoiu988]

banks stopped being "safe" the moment there was an fdic. gramm leach bliley didnt change it one bit... allowing the investment banks to become bank holding companies last year actually brought investment banks under the moral hazard known as the fdic so now if investment banks want to lose your money, the tax payer has to cover it... same with credit card companies. like i said, i dont think dylan knows a lot about banking...

[AfterTheFox75]

What an odd segment. LOL!!

It's packed with info but it was hard to focus and get the message with the perky "happy birthday" song.

Thanks for posting Deb! :)

[fal2grace]

yes, agree; thank you for commenting.