whomever is paying you to lie about this crap owns your soul
Not going to answer your own thread anymore?
You dont even know what gram leach is
BBC NEWS | Americas | Bush administration on Iraq 9/11 link
"A customer should be able to walk into a financial institution and get any financial product he or she needs — securities, insurance, banking or trust services,"
A Broker would know what was in the securities they sold and would not like to have his or her reputation tarnished by selling crap that backfired in a couple of years.
Allowing the banks to pick, train and direct the "brokers" allowed them to pick any smuck and train them the way they wanted them trained and teach them only enough to sell the crap without telling them enough to know that what they were selling was crap.
The banks made money off the sub primes they wrote. They rolled them into securities and sold them to buyers.
The Broker rules were put in place under glass steagal, so they could not do that.
Press Release: SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers; 2007-190; Sept. 19, 2007
Press Release: Agencies Adopt Final Rules to Implement the Bank 'Broker' Provisions of the Gramm-Leach-Bliley Act; 2007-198; Sept. 24, 2007
dont go arround pretending you dont know these facts now
heres your answer
Thanks for the Rep J
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