glass-steagall banking act

"Why did Ron Paul lie when he said he voted against the repeal of the Glass-Steagall Act in 1999? Ron Paul voted NO VOTE on Nov 4, 1999. " I keep getting asked this on other forums. Granted, if this is the best they can do, lol. However, I prefer to debate with facts and reasoning. Can anyone...

‘Repeal’ of Glass-Steagall Irrelevant to Financial Crisis http://www.tomwoods.com/blog/repeal-of-glass-steagall-had-nothing-to-do-with-the-crisis/

Perhaps spurred by the ongoing "Occupy Wall Street" demonstrations, or by the intensity of the crisis, the issue of Glass-Steagall continues to be up front in people's minds. Among the many "idea men" trying to feed a program to the demonstrators, Aaron Greenspan is the only one to raise...

**July 15 Update: Raul Grijalva (D-TX), the head of the Progressive Caucus, has added his name as a cosponsor to H.R. 1489, in addition to Rodney Alexander (R-LA), who is the fourth Republican co-sponsor. **July 13 Update: The Kentucky state AFL-CIO passed a resolution for H.R. 1489 on July 13...

Gee, Marcy Kaptur introduces this, and where are the sponsors? Roscoe Bartlett [R-MD6] John Conyers [D-MI14] Danny Davis [D-IL7] Marcia Fudge [D-OH11] Jesse Jackson [D-IL2] Walter Jones [R-NC3] James McDermott [D-WA7] James Moran [D-VA8] Kurt Schrader [D-OR5]...

By Silla Brush - 08/06/10 06:00 AM ET In seven simple lines buried in this year’s financial overhaul bill, lawmakers swept away one of the last vestiges of the 1933 Glass-Steagall Act that held sway over markets for decades. The Depression-era bill is best known for separating commercial and...

Sunday, July 18, 2010 – with Ron Holland Paul Craig Roberts The Daily Bell is pleased to present an exclusive interview with Paul Craig Roberts (Photo left). Introduction: Paul Craig Roberts is an economist and a nationally syndicated columnist for Creators Syndicate. He served as an...

I hear that all the time that when we removed it that it actually caused all kinds of nasty bubbles and rising oil prices.

June 2, 2010 (LPAC)—Economist Nouriel Roubini co-authored an op-ed in yesterday's Financial Times, reiterating the call for a Glass-Steagall overhaul of the international financial system—what he called "Glass-Steagall on steroids." Roubini assailed the bailout of the 2007-2009 financial bubble...

By Robert Schmidt and Jesse Westbrook May 26 (Bloomberg) -- It’s been almost 80 years since the U.S. government has reached as deeply into the financial markets as it will do when the regulatory overhaul being crafted in Congress becomes law. Few historians, market participants or former...

¿What is the reason Glass-Steagall act repeal is blamed for surge of derivative? I am a bit tired of political propaganda about this, and would like to know the technical reason why the repeal of Glass-Steagal act in 1999 by the Clinton administration is blamed for the massive surge of the...

12/29/2009 - by Staff Reports (ARBP) Wall Street Glass-Steagall War John McCain / Getty Images A one-page proposal gaining traction in Congress could turn back the clock on Wall Street 10 years, forcing the breakup of banks, including Citigroup Inc. Lawmakers in both parties, seeking to...

Heed the great stabiliser’s words on banking Paul Volcker, who advises Barack Obama, wants a return to Glass-Steagall rules. He is right both for Wall Street and the City William Rees-Mogg How does one give a wake-up call to the Masters of the Universe? Very little progress has been made in...

It was probably inevitable that the Glass-Steagall Act would be revisited in response to the banking crisis, and Senators John McCain and Maria Cantwell have now brought the proposition forward, whereby commercial banking and investment banking wouldn’t be allowed under the same financial roof...

Two Bills in Congress Would Restore Glass-Steagall Financial giants such as Goldman Sachs could be broken up under two bills introduced in the U.S. Congress Wednesday, one with the backing of former Republican presidential nominee John McCain. Both would reinstate the 1930s-era...

I can't believe this is coming from five Democrats: Five House Democrats will call this week for a return to a Depression-era law that separated Wall Street investment banking from Main Street commercial banking. If adopted, the measure would give banks one year to choose between being...

If anyone has a YouTube of Dylan Ratigan going off about the Gramm-Leach-Biley Act this morning on MSNBC, please post it . He even had a Birthday Cake and dressed up as ELVIS. Ratigan goes off on Robert Rubin, Larry Summers, and the Billions made by CitiBank. Really rips into CitiBank and the...

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Something sure to get Simon Johnson's heart pumping: Via the Journal's Real Time Economics blog, I see that John Reed, the man who helped deliver the coup de grace to the Depression-era law against combining commercial banking with investment banking and insurance, now wants to bring it back...

Volcker: Reinstate Glass Steagall Posted By Barry Ritholtz On September 24, 2009 @ 7:02 am In Bailouts | 4 Comments What all this amounts to is an unintended and unanticipated extension of the official “safety net”, an arrangement designed decades ago to protect the stability of the commercial...