Discussion in 'Economy' started by Lakhota, May 7, 2012.
Much More (with live source links): Lehman Docs Show Wall Street Arrogance Led To Financial Collapse
It's not exactly logical though, is it? Really.... it just isn't. No one thing, or one industry, or one party, or one person 'led' the the financial collapse.
You may be right, but here's one of my favorite articles on the mess:
The Absurd Zombie Lie About the Economy Right-Wingers Desperately Cling To -- And Why It's Totally Wrong | Tea Party and the Right | AlterNet
I beg to differ.
the Bush team refused to fully impliment the protections in the GLB act
AlterNet? Oh please.... I suggest you investigate sources that do not have a political agenda, preferably those that provide a balanced, honest assessment of the downturn.
Dghtoutvg Boooooshhh ekfheqfy r Bush hedfhef34 Republicans oufewblherf
fjhfb q hlbfhbfljhb hbjhebfq Conservatives!!
ljhewfwejhf fjkwf fuck ewf;f asshole lhewfbwe BOOOSSSHHH!!!
SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers
Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented
FOR IMMEDIATE RELEASE
Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.
Explain in your own words what this release means?
Mindless parrot says what?
just when we thought you had a moment of sanity, you post that crap from Alteredworld
You see NO one would have purchased the sub prime if they has not hid it into mortgage securities.
Before GLB act a broker had to have certain training and be certified and if they misbehaved ( you know cheated people) they would lose their certification.
WHILE the long years passed under Bush without broker rules that was not the case.
Its how all the bad mortgages got into the triple A rated investments
Separate names with a comma.