Comments on: Back to the Future for Banks? http://themoderatevoice.com/50520/back-to-the-future-for-banks/ An Internet hub with domestic and international news, analysis, original reporting, and popular features from the left, center, indies, centrists, moderates, and right Wed, 15 Feb 2012 04:43:19 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: TheMagicalSkyFather http://themoderatevoice.com/50520/back-to-the-future-for-banks/comment-page-1/#comment-224574 TheMagicalSkyFather Thu, 22 Oct 2009 20:12:15 +0000 http://themoderatevoice.com/?p=50520#comment-224574 Sorry Austin, I was actually attempting to back you up though I obviously did a bad job of it. It was not just the last 8 years that bad financial policy was defended by calling the other side crazy though, it was also a common and popular tactic in the Clinton era. Sorry Austin, I was actually attempting to back you up though I obviously did a bad job of it. It was not just the last 8 years that bad financial policy was defended by calling the other side crazy though, it was also a common and popular tactic in the Clinton era.

]]> By: AustinRoth http://themoderatevoice.com/50520/back-to-the-future-for-banks/comment-page-1/#comment-224570 AustinRoth Thu, 22 Oct 2009 20:05:23 +0000 http://themoderatevoice.com/?p=50520#comment-224570 My comment was pointed at Robert Stein, for his <i>created by a Republican Congress repeal of Glass-Steagall</i> comment in the main topic post. My comment was pointed at Robert Stein, for his created by a Republican Congress repeal of Glass-Steagall comment in the main topic post.

]]> By: TheMagicalSkyFather http://themoderatevoice.com/50520/back-to-the-future-for-banks/comment-page-1/#comment-224564 TheMagicalSkyFather Thu, 22 Oct 2009 19:49:51 +0000 http://themoderatevoice.com/?p=50520#comment-224564 That's why I I did not say during the Bush era, I have been called a commie for around 16 yrs for questioning abusive business practices that in the end I told people would lead us to hate capitalism. Which is what it of course has done, we do not need to get rid of it we just need to sanely regulate it. That's why I I did not say during the Bush era, I have been called a commie for around 16 yrs for questioning abusive business practices that in the end I told people would lead us to hate capitalism. Which is what it of course has done, we do not need to get rid of it we just need to sanely regulate it.

]]> By: Ron Beasley http://themoderatevoice.com/50520/back-to-the-future-for-banks/comment-page-1/#comment-224559 Ron Beasley Thu, 22 Oct 2009 19:34:20 +0000 http://themoderatevoice.com/?p=50520#comment-224559 Yes this is certainly an example of bi-partisan stupidity. Yes this is certainly an example of bi-partisan stupidity.

]]> By: AustinRoth http://themoderatevoice.com/50520/back-to-the-future-for-banks/comment-page-1/#comment-224558 AustinRoth Thu, 22 Oct 2009 19:22:09 +0000 http://themoderatevoice.com/?p=50520#comment-224558 The repeal of Glass-Steagall was one of the greatest mistakes by Congress of the past 50 years, which is really saying something. Even someone as free-market as myself thinks it was bad to repeal it, and would be good to re-enact it.<br><br>But let's jump off the 'everything must be the Republican's fault' meme. The repeal of Glass-Steagall was very strongly supported by Robert Rubin, Clinton's Secretary of the Treasury at the time, and the White House supported it as well. <br><br>The final votes were 90-8 in the Senate and 362-57 in the House. It was 52Y, 1N, 2 NV for the Republicans and 38Y 7N for the Democrats in the Senate, and in the House 205Y, 7N, 10NV and 155Y 55N, and 5NV respectively. That is as bi-partisan as it gets, really. The repeal of Glass-Steagall was one of the greatest mistakes by Congress of the past 50 years, which is really saying something. Even someone as free-market as myself thinks it was bad to repeal it, and would be good to re-enact it.

But let's jump off the 'everything must be the Republican's fault' meme. The repeal of Glass-Steagall was very strongly supported by Robert Rubin, Clinton's Secretary of the Treasury at the time, and the White House supported it as well.

The final votes were 90-8 in the Senate and 362-57 in the House. It was 52Y, 1N, 2 NV for the Republicans and 38Y 7N for the Democrats in the Senate, and in the House 205Y, 7N, 10NV and 155Y 55N, and 5NV respectively. That is as bi-partisan as it gets, really.

]]> By: TheMagicalSkyFather http://themoderatevoice.com/50520/back-to-the-future-for-banks/comment-page-1/#comment-224542 TheMagicalSkyFather Thu, 22 Oct 2009 18:36:41 +0000 http://themoderatevoice.com/?p=50520#comment-224542 Wow this kinda made my day...I know there is a large difference between talking and acting but to be honest I am stunned that they are even speaking of it, no less speaking on it in a sane way. I think I just got used to being told any problem I had with the current system was because I was a commie though my complaints were pointing out how this was unsustainable in a capitalist system. Wow this kinda made my day…I know there is a large difference between talking and acting but to be honest I am stunned that they are even speaking of it, no less speaking on it in a sane way. I think I just got used to being told any problem I had with the current system was because I was a commie though my complaints were pointing out how this was unsustainable in a capitalist system.

]]> By: DLS http://themoderatevoice.com/50520/back-to-the-future-for-banks/comment-page-1/#comment-224541 DLS Thu, 22 Oct 2009 18:28:52 +0000 http://themoderatevoice.com/?p=50520#comment-224541 Actually, we can trust these lefties currently in charge probably the least (they'll rush to rashness as well as overkill), but we can hope that they reverse course during the bubble years and Clintonian "dumb and happy public" governance (featuring gluttony and worse), and not only re-separate banks from the investment and other finance worlds, but also make sure they don't incorporate with insurers (which is not limited to pre-paid health care, assumption of HMO functions, which is a current subject of concern). Actually, we can trust these lefties currently in charge probably the least (they'll rush to rashness as well as overkill), but we can hope that they reverse course during the bubble years and Clintonian “dumb and happy public” governance (featuring gluttony and worse), and not only re-separate banks from the investment and other finance worlds, but also make sure they don't incorporate with insurers (which is not limited to pre-paid health care, assumption of HMO functions, which is a current subject of concern).

]]> By: Zzzzz http://themoderatevoice.com/50520/back-to-the-future-for-banks/comment-page-1/#comment-224538 Zzzzz Thu, 22 Oct 2009 18:09:38 +0000 http://themoderatevoice.com/?p=50520#comment-224538 I love Volcker. I love Volcker.

]]> By: Ron Beasley http://themoderatevoice.com/50520/back-to-the-future-for-banks/comment-page-1/#comment-224537 Ron Beasley Thu, 22 Oct 2009 17:56:03 +0000 http://themoderatevoice.com/?p=50520#comment-224537 Glass-Steagall was put into place to avoid another great depression. Less than 9 years after it's repeal we nearly had another. Glass-Steagall was put into place to avoid another great depression. Less than 9 years after it's repeal we nearly had another.

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