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If you'd done the research I suggested, you wouldn't need to be name-calling.
So you have no answer. Typical.
Already answered. The fact that you don't recognize it just underscores your bias. Perhaps if you spent less time name-calling and concentrated more on the content of a post, you wouldn't run into this problem so often.
You didn't read the first sentence? Re-read and it should be self-evident. If not, do some research.
Keeping the deposit and investment banks separate is some kind of achievement? That's dumber than your normal point.
in terms even simpletons like you can understand ..
It prevented banks from using depositors' funds for risky investments such as the stock market...
do you need a 4th grader to read and explain it to you?
Keeping the deposit and investment banks separate is some kind of achievement? That's dumber than your normal point.
in terms even simpletons like you can understand ..
It prevented banks from using depositors' funds for risky investments such as the stock market...
do you need a 4th grader to read and explain it to you?
It actually did nothing of the kind.
Next.
Keeping the deposit and investment banks separate is some kind of achievement? That's dumber than your normal point.
in terms even simpletons like you can understand ..
It prevented banks from using depositors' funds for risky investments such as the stock market...
do you need a 4th grader to read and explain it to you?
It actually did nothing of the kind.
Next.
Will We Be Saved by Regulation?
We won't be saved by corporations.
Every time a problem comes up the Left screams for more regulation. Have the thousands of pages of regulation we already have really made anything better?
Glass-Steagel was in force from the 1930s to the 1990s and there were plenty of bank failures all during that time. Sarbanes-Oxley came into being after the Enron scandal. But it failed to stop a lot of other failures. Not coincidentally it also stopped a lot of legitimate business, which moved to Europe and elsewhere.
Dodd-Frank has done nothing but enshrine Too Big To Fail, guaranteeing another taxpayer bailout down the road.
The SEC didnt discover the Madoff scandal until way too late.
And currently Obama's appointee at the Fed, Yellin, thinks she can keep interest rates at zero forever but will battle the inevitable bubbles through regulation. Good luck with that.
Why this faith in something that is a proven failure?
Will We Be Saved by Regulation?
We won't be saved by corporations.
No one is proposing that we will.... what is wrong with you? Drunk again?
So you have no answer. Typical.
Already answered. The fact that you don't recognize it just underscores your bias. Perhaps if you spent less time name-calling and concentrated more on the content of a post, you wouldn't run into this problem so often.
Ah yes the usual liberal tactic:
X is the case.
Can you prove X is the case?
Here <insert Rachel Maddow clip>
That doesnt prove anything. It's just her saying what you've said.
Well it's true.
Can you prove that?
I already did.
Yeah circular reasoning is the stock in trade of the left. Rabbi Rules!
This Act shall supersede and preempt the application of any State or local law that prohibits or regulates gaming or the operation of bucket shops
"Bucket shop" is a defined term under the criminal law of many states in the United States that make it a crime to operate a bucket shop.[2] Typically the criminal law definition refers to an operation in which the customer is sold what is supposed to be a derivative interest in a security or commodity future, but there is no transaction made on any exchange. The transaction goes 'in the bucket' and is never executed. Without an actual underlying transaction, the customer is betting against the bucket shop operator, not participating in the market. Alternatively, the bucket shop operator "literally 'plays the bank,' as in a gambling house, against the customer." [3] Operating a bucket shop in the United States would also likely involve violations of several provisions of federal securities or commodity futures laws.[4]
There are good regulations and there are bad regulations.
A regulation that says, "You must circle your chair three times before sitting down" is a bad regulation.
A regulation that says, "You will not make a chair out of toxic waste" is a good regulation.
I am for good regulation, not no regulation.
Now suppose it is a lot cheaper to make a chair out of toxic waste than it is to make a chair out of some good pine.
Those who whine about regulations then say, "Regulations cost money!" You know, because it cost more to make a pine chair than a toxic waste chair.
A lot of this whining about the cost of regulations is therefore bogus. The money spent to meet some regulations saves a lot of money in the long run. You know, like not spending money on medical care for toxic waste poisoning and shit like that.
We wouldn't even have to have regulations about toxic waste if some dipshits had not done something stupid or harmful with toxic waste.
Just so with banking regulations.
There are good regulations and there are bad regulations.
A regulation that says, "You must circle your chair three times before sitting down" is a bad regulation.
A regulation that says, "You will not make a chair out of toxic waste" is a good regulation.
I am for good regulation, not no regulation.
Now suppose it is a lot cheaper to make a chair out of toxic waste than it is to make a chair out of some good pine.
Those who whine about regulations then say, "Regulations cost money!" You know, because it cost more to make a pine chair than a toxic waste chair.
A lot of this whining about the cost of regulations is therefore bogus. The money spent to meet some regulations saves a lot of money in the long run. You know, like not spending money on medical care for toxic waste poisoning and shit like that.
We wouldn't even have to have regulations about toxic waste if some dipshits had not done something stupid or harmful with toxic waste.
Just so with banking regulations.
Who would make a chair out of toxic waste? It's nonsense. They'd be sued out of business.
There are good regulations and there are bad regulations.
A regulation that says, "You must circle your chair three times before sitting down" is a bad regulation.
A regulation that says, "You will not make a chair out of toxic waste" is a good regulation.
I am for good regulation, not no regulation.
Now suppose it is a lot cheaper to make a chair out of toxic waste than it is to make a chair out of some good pine.
Those who whine about regulations then say, "Regulations cost money!" You know, because it cost more to make a pine chair than a toxic waste chair.
A lot of this whining about the cost of regulations is therefore bogus. The money spent to meet some regulations saves a lot of money in the long run. You know, like not spending money on medical care for toxic waste poisoning and shit like that.
We wouldn't even have to have regulations about toxic waste if some dipshits had not done something stupid or harmful with toxic waste.
Just so with banking regulations.
Who would make a chair out of toxic waste? It's nonsense. They'd be sued out of business.
It was an analogy.
But...who would dump toxic waste where it could get into groundwater? It's nonsense. They'd be sued out of business.
Oh, wait...
Who would make a chair out of toxic waste? It's nonsense. They'd be sued out of business.
It was an analogy.
But...who would dump toxic waste where it could get into groundwater? It's nonsense. They'd be sued out of business.
Oh, wait...
They were sued out of existence.
It was also a different time and different tort environment.
