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Not caring that Newt backed and worked to pass GLB which caused this economic mess is insanity
It was passed with bi-partisan support and signed into law by Clinton. And you want to blame Newt?
Damn you are one stupid fuck!
Willow wwe all know facts have no meaning to you.
The facts are Gingritch caused this problem ( even he admitts it now) and now he wants to be president with his record of failure.
Thinking people will care
The bill that ultimately "repealed" the Act was brought up in the Senate by Phil Gramm (R-Texas) and in the House of Representatives by Jim Leach (R-Iowa) in 1999. The bills were passed by a Republican majority, basically following party lines by a 5444 vote in the Senate[15] and by a bi-partisan 34386 vote in the House of Representatives.[16] After passing both the Senate and House the bill was moved to a conference committee to work out the differences between the Senate and House versions. The final bill resolving the differences was passed in the Senate 908 (one not voting) and in the House: 36257 (15 not voting). The legislation was signed into law by President Bill Clinton on November 12, 1999.[17]
In reality, "[t]he 'repeal' involved only one provision of the Act, the one preventing the same holding company from controlling both a commercial bank and an investment bank."[18] Proponents argue that repealing this provision had little impact on the financial system and even helped restore stability during the financial crisis.[18][19][20] Ten years after its repeal, detractors condemn Glass-Stegall's repeal for reestablishing conflict of interest within the financial industry and fostering "too big to fail" institutions that led to the housing market collapse and its associated financial crisis. [21]
The banking industry had been seeking the repeal of GlassSteagall since at least the 1980s. In 1987 the Congressional Research Service prepared a report which explored the cases for and against preserving the GlassSteagall act.[14]
Willow wwe all know facts have no meaning to you.
The facts are Gingritch caused this problem ( even he admitts it now) and now he wants to be president with his record of failure.
Thinking people will care
Hey dumbass, Newt did not say he caused it. Hell even the link you copied from wikipedia states that Gramm introduced the bill in the Senate and Leach in the House and Clinton signed it into law.
The bill that ultimately "repealed" the Act was brought up in the Senate by Phil Gramm (R-Texas) and in the House of Representatives by Jim Leach (R-Iowa) in 1999. The bills were passed by a Republican majority, basically following party lines by a 5444 vote in the Senate[15] and by a bi-partisan 34386 vote in the House of Representatives.[16] After passing both the Senate and House the bill was moved to a conference committee to work out the differences between the Senate and House versions. The final bill resolving the differences was passed in the Senate 908 (one not voting) and in the House: 36257 (15 not voting). The legislation was signed into law by President Bill Clinton on November 12, 1999.[17]
In reality, "[t]he 'repeal' involved only one provision of the Act, the one preventing the same holding company from controlling both a commercial bank and an investment bank."[18] Proponents argue that repealing this provision had little impact on the financial system and even helped restore stability during the financial crisis.[18][19][20] Ten years after its repeal, detractors condemn Glass-Stegall's repeal for reestablishing conflict of interest within the financial industry and fostering "too big to fail" institutions that led to the housing market collapse and its associated financial crisis. [21]
The banking industry had been seeking the repeal of GlassSteagall since at least the 1980s. In 1987 the Congressional Research Service prepared a report which explored the cases for and against preserving the GlassSteagall act.[14]
Where is Newt's name even mentioned!?!?!
I like Newt.
His baggage doesn't bother me on iota.
The GOP could do a hell of a lot worse than Newt getting the nomination.
I would dearly love to see Barry and Newt in a debate.
My moneys on Newt.
Not caring that Newt backed and worked to pass GLB which caused this economic mess is insanity
It was passed with bi-partisan support and signed into law by Clinton. And you want to blame Newt?
Damn you are one stupid fuck!
You are ignoring all the facts.
look at my signature and see that the Bush SEC refused to instate the protections in the 1999 law which could have prevented this mess.
They did not instate those parts of the GLB act for 7 years........why?
Willow wwe all know facts have no meaning to you.
The facts are Gingritch caused this problem ( even he admitts it now) and now he wants to be president with his record of failure.
Thinking people will care
Hey dumbass, Newt did not say he caused it. Hell even the link you copied from wikipedia states that Gramm introduced the bill in the Senate and Leach in the House and Clinton signed it into law.
The bill that ultimately "repealed" the Act was brought up in the Senate by Phil Gramm (R-Texas) and in the House of Representatives by Jim Leach (R-Iowa) in 1999. The bills were passed by a Republican majority, basically following party lines by a 54–44 vote in the Senate[15] and by a bi-partisan 343–86 vote in the House of Representatives.[16] After passing both the Senate and House the bill was moved to a conference committee to work out the differences between the Senate and House versions. The final bill resolving the differences was passed in the Senate 90–8 (one not voting) and in the House: 362–57 (15 not voting). The legislation was signed into law by President Bill Clinton on November 12, 1999.[17]
In reality, "[t]he 'repeal' involved only one provision of the Act, the one preventing the same holding company from controlling both a commercial bank and an investment bank."[18] Proponents argue that repealing this provision had little impact on the financial system and even helped restore stability during the financial crisis.[18][19][20] Ten years after its repeal, detractors condemn Glass-Stegall's repeal for reestablishing conflict of interest within the financial industry and fostering "too big to fail" institutions that led to the housing market collapse and its associated financial crisis. [21]
The banking industry had been seeking the repeal of Glass–Steagall since at least the 1980s. In 1987 the Congressional Research Service prepared a report which explored the cases for and against preserving the Glass–Steagall act.[14]
Where is Newt's name even mentioned!?!?!
she bat shit crazy and a liar to boot.
Newt is a flip flopper
Not caring that Newt backed and worked to pass GLB which caused this economic mess is insanity
It was passed with bi-partisan support and signed into law by Clinton. And you want to blame Newt?
Damn you are one stupid fuck!
You are ignoring all the facts.
look at my signature and see that the Bush SEC refused to instate the protections in the 1999 law which could have prevented this mess.
They did not instate those parts of the GLB act for 7 years........why?
Bill Clinton: Can't Count Gingrich out of the GOP Race - YouTube
Pretty decent evaluation, although done a little bit ago.
It was passed with bi-partisan support and signed into law by Clinton. And you want to blame Newt?
Damn you are one stupid fuck!
You are ignoring all the facts.
look at my signature and see that the Bush SEC refused to instate the protections in the 1999 law which could have prevented this mess.
They did not instate those parts of the GLB act for 7 years........why?
Why change the subject?
We are talking about Newt not Bush.
Newt played no role in Bush's administration.
At least concede on the argument at hand before starting another.
Newt is for reregulating the banking industry while he fought to deregulate it in the 90s.
His leadership helped cause this problem and now he is flip flopping
Newt is for reregulating the banking industry while he fought to deregulate it in the 90s.
His leadership helped cause this problem and now he is flip flopping
I like Newt.
His baggage doesn't bother me on iota.
The GOP could do a hell of a lot worse than Newt getting the nomination.
I would dearly love to see Barry and Newt in a debate.
My moneys on Newt.
Newt would crush Obozo in a debate. I could live with Newt as our nom.
.....TALL-TALES.....
