Newt says reinstate Glass Steagal

[likeabird03]

Newt says reinstate Glass Steagal

Does this mean you will throw Newt under the bus?

Does this mean you will throw Barney Frank under the bus?

Barney deserves worse.

 

[Toro]

Remember, though, Gingrich is a RINO.

Gingrich Calls GOP Budget "Right Wing Social Engineering"

 

[JoeB131]

Remember, though, Gingrich is a RINO.

Gingrich Calls GOP Budget "Right Wing Social Engineering"

Smell the fear.. Smell the fear of a thousand pairs of soiled Magic Underpants.

 

[CrusaderFrank]

Newt Gingrich Calls For Reinstating Glass-Steagall, Admits Deregulating The Banking Industry Was A Mistake | Addicting Info

That took balls because the legislation that effectively neutralized it was the Republican introduced and passed Gramm-Leach-Bliley.

If Gramm Leach had not been passed, not one bank would have ever received a bailout. That doesn't mean we wouldn't have had any of our current problems but the fewer the better.
Now if the Repubs hadn't deregulated the banking industry and then securities industry, plus opened the loophole which allowed the credit-swaps instead of requiring Mortgage-Backed Securites to be eligible, we would have avoided the whole mess altogether. At least on the macro scale. There would still be thousands of adjustable, NINJA and 125% mortgages to deal with but that would be a small percantage of the debacle we're presently facing.

Oh and it wouldn't be a matter of reinstating Glass-Steagal, just repealing Gramm-Leach. Whatever the case, it shows some huge cajones for Gingrich to voice that! Wow! Kudos to Newto!

Really?

How did GM, GE and Chrysler get bailed out? Were they banks?

 

[JakeStarkey]

Remember, though, Gingrich is a RINO.

Gingrich Calls GOP Budget "Right Wing Social Engineering"

Smell the fear.. Smell the fear of a thousand pairs of soiled Magic Underpants.

Now you are backing Newt?

 

[Truthmatters]

Newt says reinstate Glass Steagal

Does this mean you will throw Newt under the bus?

Barney Frank says Glass Steagal would not have prevented the subprime housing crisis. Barney Frank is against reinstating Glass Steagal.

Does this mean you will throw Barney Frank under the bus?

heres a little tip.

Just claiming something doesnt make it true.

You want to quote Franks then quote him.

I gave a link to Newts words so you could see he actually said what I claimed he said.

If you want to play like the adults provide links to your claims

 

[Truthmatters]

Unfortunately it doesn't matter what Newt believes.

No GOP President can govern outside the mandates of movement conservatism, which has been captured by concentrated wealth.

If Newt becomes president, he will act like Bush out of necessity.

He will use National Security to move the economy off the front page . . . so that he can quietly turn government into an ATM for big business.

Newt and Mitt will use the Iranian threat to control the headlines and mobilize the Tea Party through fear.

People don't get. America was rolled under Bush. The country was looted. There is nothing left for any president to do but manage the long emergency of a bankrupt nation.

Some of us do get it.


very few on the right do however.


The only way to solve this is to raise taxes enough to fix the mess.

 

[bigrebnc1775]

Unfortunately it doesn't matter what Newt believes.

No GOP President can govern outside the mandates of movement conservatism, which has been captured by concentrated wealth.

If Newt becomes president, he will act like Bush out of necessity.

He will use National Security to move the economy off the front page . . . so that he can quietly turn government into an ATM for big business.

Newt and Mitt will use the Iranian threat to control the headlines and mobilize the Tea Party through fear.

People don't get. America was rolled under Bush. The country was looted. There is nothing left for any president to do but manage the long emergency of a bankrupt nation.

Some of us do get it.


very few on the right do however.


The only way to solve this is to raise taxes enough to fix the mess.

Rally raise taxes? and it's fixed?
If you are trying to collect and save water do you put water in a container that has holes in it or do you plug the holes first?

The government is like that container and tax payers money is like water.

 

[JakeStarkey]

Fix the holes? OK. Let's educate the Tea Party movement as to the real facts. If we GOP are going to govern, we have to become a party of ideas again not ideologues. We have to stop being the Party of Stupid. We need to listen to the George Wills, not the Sarah Palins.

 

[manifold]

Does this mean you will throw Newt under the bus?

Does this mean you will consider voting for him?

 

[Toddsterpatriot]

Who was it that worked for decades to rid us of Glass Steagal?


What party held up the regulations in that bill for seven years while the banks ran amouk?

Glass Steagal should be reinstated.

We all agree.


I thought you people hated regulations on business?

Exactly! Glass Steagall will stop banks from losing money on defaulting mortgages.
No one ever defaulted while Glass Steagall was in place.
With Glass Steagall, the government can force banks to make loans to marginal borrowers and housing values will grow to the sky. Everything will be great again! /sarc

 

[JakeStarkey]

Who was it that worked for decades to rid us of Glass Steagal?What party held up the regulations in that bill for seven years while the banks ran amouk?lass Steagal should be reinstated.We all agree. I thought you people hated regulations on business?

Exactly! Glass Steagall willstop banks from losing money on defaulting mortgages.No one ever defaulted while Glass Steagall was in place.With Glass Steagall, the government can force banks to make loans to marginal borrowers and housing values will grow to the sky. Everything will be great gain! /sarc

The lack of conflict of interest will stabilize the industry.

 

[Toddsterpatriot]

I never said he was unapologetic for being "part of the reason for the economy being in the shitter" (which is a rather dubious claim to make, since we're talking about 15 year old legislation).

It's not dubious in the least. This is what a lot of people don't understand. Changes in economic policy don't necessarily have immediate effects, good or bad. Sometimes the effects develop over time. In the case of Glass-Steagal, its repeal allowed financial institutions to play risky games with other people's money. It was just about guaranteed that this would return to bite us sooner or later, but there was no reason to think it would have an instantaneous effect, and it did not. Fifteen years later, the odds caught up with the banks and the system crashed and burned.

The underlying problems in the economy actually go back to thirty-year-old legislative and administrative changes.

In the case of Glass-Steagal, its repeal allowed financial institutions to play risky games with other people's money.

I know. Writing mortgages, what were they thinking?

 

[Toddsterpatriot]

Who was it that worked for decades to rid us of Glass Steagal?What party held up the regulations in that bill for seven years while the banks ran amouk?lass Steagal should be reinstated.We all agree. I thought you people hated regulations on business?

Exactly! Glass Steagall willstop banks from losing money on defaulting mortgages.No one ever defaulted while Glass Steagall was in place.With Glass Steagall, the government can force banks to make loans to marginal borrowers and housing values will grow to the sky. Everything will be great gain! /sarc

The lack of conflict of interest will stabilize the industry.

Please elaborate.

 

[Truthmatters]

and there you have the rights perspective.

They have NO idea what Glass Steagal did.

 

[Truthmatters]

Newt Gingrich Calls For Reinstating Glass-Steagall, Admits Deregulating The Banking Industry Was A Mistake | Addicting Info

Ask Newt he will tell you

 

[JakeStarkey]

Exactly! Glass Steagall willstop banks from losing money on defaulting mortgages.No one ever defaulted while Glass Steagall was in place.With Glass Steagall, the government can force banks to make loans to marginal borrowers and housing values will grow to the sky. Everything will be great gain! /sarc

The lack of conflict of interest will stabilize the industry.

Please elaborate.

We will begin with you supporting your opinion, then I will respond. That's how it's done, Toddster.

 

[Toddsterpatriot]

The lack of conflict of interest will stabilize the industry.

Please elaborate.

We will begin with you supporting your opinion, then I will respond. That's how it's done, Toddster.

I have no opinion about your comment about conflict of interest.

 

[Truthmatters]

who was it that wrote all those subprime loans tod?

 

[Toddsterpatriot]

who was it that wrote all those subprime loans tod?

Many institutions. How would Glass Steagall have prevented those loans?