longball Posted September 17, 2009 Share Posted September 17, 2009 I looked up what you posted (with Jimmy G'S help) and the article says the act was dismantled in 1999... that is President Clintons watch.....what was your point Fordworker? Quote Link to comment Share on other sites More sharing options...
rn4 Posted September 18, 2009 Share Posted September 18, 2009 I looked up what you posted (with Jimmy G'S help) and the article says the act was dismantled in 1999... that is President Clintons watch.....what was your point Fordworker? That was a Republican controlled Senate and House. Their the ones who repealed the act. Quote Link to comment Share on other sites More sharing options...
longball Posted September 18, 2009 Share Posted September 18, 2009 That was a Republican controlled Senate and House. Their the ones who repealed the act. I did a little research and found out the history of this act, and its repeal.. Congress passes Financial Services Modernization Act After 12 attempts in 25 years, Congress finally repeals Glass-Steagall, rewarding financial companies for more than 20 years and $300 million worth of lobbying efforts. Supporters hail the change as the long-overdue demise of a Depression-era relic. On Oct. 21, with the House-Senate conference committee deadlocked after marathon negotiations, the main sticking point is partisan bickering over the bill's effect on the Community Reinvestment Act, which sets rules for lending to poor communities. Sandy Weill calls President Clinton in the evening to try to break the deadlock after Senator Phil Gramm, chairman of the Banking Committee, warned Citigroup lobbyist Roger Levy that Weill has to get White House moving on the bill or he would shut down the House-Senate conference. Serious negotiations resume, and a deal is announced at 2:45 a.m. on Oct. 22. Whether Weill made any difference in precipitating a deal is unclear. On Oct. 22, Weill and John Reed issue a statement congratulating Congress and President Clinton, including 19 administration officials and lawmakers by name. The House and Senate approve a final version of the bill on Nov. 4, and Clinton signs it into law later that month. Just days after the administration (including the Treasury Department) agrees to support the repeal, Treasury Secretary Robert Rubin, the former co-chairman of a major Wall Street investment bank, Goldman Sachs, raises eyebrows by accepting a top job at Citigroup as Weill's chief lieutenant. The previous year, Weill had called Secretary Rubin to give him advance notice of the upcoming merger announcement. When Weill told Rubin he had some important news, the secretary reportedly quipped, "You're buying the government?" This was bi-partisan...my point exactly....BOTH PARTIES SUCK....I have never defended the GOP on here and never will....The last line is important..."You're buying the government"... If you read the article this could not have happened without Pres Clintons help...Just like NAFTA BOTH SIDES SUCK Quote Link to comment Share on other sites More sharing options...
young buck 1520 Posted September 18, 2009 Share Posted September 18, 2009 Why is it that you are always the best in the world ? You are the best in the world at homelessness, poverty , being uneducated, prisons are over-flowing. Maybe you could use a little socialism. Seems to me the US is turning into India slowly but surely...The biggest Democracy in the world. Does that make them the best in the world? Quote Link to comment Share on other sites More sharing options...
longball Posted September 18, 2009 Share Posted September 18, 2009 I bet you speak French.... Quote Link to comment Share on other sites More sharing options...
young buck 1520 Posted September 18, 2009 Share Posted September 18, 2009 I bet you speak French.... Far from it. dip shit. Do you speak spanish? You could of at least corrected my spelling or grammer. Quote Link to comment Share on other sites More sharing options...
stephenhawkings Posted September 18, 2009 Share Posted September 18, 2009 shouldn't we get rid of the socialist police depts? and the socialist army navy etc etc? Quote Link to comment Share on other sites More sharing options...
Aces Posted September 19, 2009 Share Posted September 19, 2009 shouldn't we get rid of the socialist police depts? and the socialist army navy etc etc? and the socialist parks, and the socialist libraries, and the socialist interstate highways, and the socialist public schools............... Quote Link to comment Share on other sites More sharing options...
stephenhawkings Posted September 19, 2009 Share Posted September 19, 2009 and the socialist parks, and the socialist libraries, and the socialist interstate highways, and the socialist public schools............... the list goes on and on, bah hum bug! Quote Link to comment Share on other sites More sharing options...
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