Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Broken_Clock who wrote (1445121)	3/8/2024 7:03:32 PM
From: Doren	Read Replies (1) of 1572312

> and that has what to do with I realized I better explain this to you... Letting the banks fail would have caused a great depression just as leveraging caused 1929. That's why Glass–Steagall was passed, to prevent banks from leveraging depositor money, in return the Fed insured depositor money. Gramm–Leach–Bliley Act and Commodity Futures Modernization Act of 2000 not only allowed leveraging to happen but pretty much guaranteed it would happen because bankers could now leverage bets for huge returns and if things went bad the Fed would cover it. Which they did to prevent a depression. WTF do you think was behind these bills? It's all about trading debt for inflation.

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