How Glass Steagal saved America (and why it needs to be restored)

[FORD]

Yeah, there's some girl talk mixed in too, but just pay attention to the important parts.....

[Nitro Express]

It was Alan Greenspan who talked Bill Clinton into nixing Glass Steagal. It was a huge mistake. They did the same in Europe and now over there there is talk about breaking up the investment and commercial banks again.

[ELVIS]

It was no mistake, it was planned...

[baru911]

It was no mistake, it was planned...

Bro, you make me smile!

[baru911]

...It was a huge mistake.

I agree. Short term you had growth. Long term you get the mess we have now. The banks have to be brought under control along with US spending and debt. That means more taxes and cutting the crap out of the US military and the entitlement programs. The hard choices are going to have to be made. Someone needs to stand up and remind people of that.

[ELVIS]

Ron Paul tried but the corporate propaganda media machine ignored him...

[FORD]

Someone needs to stand up and remind people of that.

And yet you continue to mock the guy who is doing so.....

http://www.voterocky.org/solutions

[jhale667]

Yeah, there's some girl talk mixed in too, but just pay attention to the important parts.....

Dude, Olivia Munn'ing threads is my bit...geez.

[FORD]

Ron Paul tried but the corporate propaganda media machine ignored him...

Did Ron Paul ever call for the reinstatement of Glass Steagal? It doesn't seem likely, given his love of Randtard deregulation fantasies.

He's been critical of the "Federal" Reserve (which is a good thing) but I don't recall hearing anything from him about controlling the greedy banking corporations otherwise. And in fact, if he had his way, and all regulations were removes, things would be much worse.

[FORD]

Dude, Olivia Munn'ing threads is my bit...geez.

Yeah, but this clip was so good - and actually ON topic for the Front Line - that it needed its own thread.

I already thought Olivia was hot as hell, but when I saw this episode the first time and heard her talking about Glass Steagal, I think I got instant wood.

[Nitro Express]

It was no mistake, it was planned...

Oh the Federal Reserve had it all planned. They just had to find the politician willing to do it.

[Nitro Express]

I agree. Short term you had growth. Long term you get the mess we have now. The banks have to be brought under control along with US spending and debt. That means more taxes and cutting the crap out of the US military and the entitlement programs. The hard choices are going to have to be made. Someone needs to stand up and remind people of that.

The problem is we no longer have politicians who think for the greater good of the country nor do we have enough citizens of that mind set. Everyone wants to be bought without thinking about the long-term consequences. This is the problem. The country is divided and no longer operating as a team. We used to be Americans first and Democrats and Republicans second. There used to be compromise and deal making. Now it's just stalemate and nobody wants to cut a thing but just blame the other side.

[baru911]

The problem is we no longer have politicians who think for the greater good of the country nor do we have enough citizens of that mind set. Everyone wants to be bought without thinking about the long-term consequences. This is the problem. The country is divided and no longer operating as a team. We used to be Americans first and Democrats and Republicans second. There used to be compromise and deal making. Now it's just stalemate and nobody wants to cut a thing but just blame the other side.

True words

[baru911]

And yet you continue to mock the guy who is doing so.....

You mean the guy who SUCKS IT? I thought my avatar was funny. Finding pictures of Rocky Road is difficult and that one was perfect for my purpose - he can't get press or money donated to him. I should get bonus points for that.

[FORD]

You mean the guy who SUCKS IT?

Leave your father out of this.