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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Louis V. Lambrecht who wrote (7387)2/8/2004 9:45:42 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 110194
 
the speculative tax I mentioned must be world wide to be effective otherwise you open shop were you are not taxed and trade comfortable from the shores of the Hudson - e.g. NYC

Would agree that eliminating the separation of Banks from Insurance companies and Brokers (Glass Stiegel (spl?) act I think? ) was a huge mistake of our congress, they had no choice after the Europeans acquired or the “Thieves and Swindler” shops you mentioned.

...... and that is another point of lack of cooperation and mutual understanding.

Uniformity and separation of the financial system would be much more productive to the world economy. When banks must lend and not speculate in financial markets the risk are lower and loans more affordable, same with insurance and the lack of “free fiat money” will lower substantially financial markets manipulation, as bank loans can be easy regulated