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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (60819)3/9/2009 5:12:43 PM
From: TimF5 Recommendations  Read Replies (1) | Respond to of 224699
 
You provide no support for "Without Gramm-Bliley, derivatives would not have gotten out of control." Absent that your whole argument falls apart.

Neither Glass-Steagall, nor Gramm-Leach-Bliley where about derivatives.

Also if your really want to blame the change enshrined in Gramm-Leach-Bliley, note that it was signed by Clinton, not Bush, and also Glass-Steagall had already been strongly eroded before Gramm-Leach-Bliley.



To: Kenneth E. Phillipps who wrote (60819)3/9/2009 5:40:43 PM
From: Bill2 Recommendations  Read Replies (1) | Respond to of 224699
 
Clinton, Rubin, and Greenspan quashed regulation of derivatives. That happened before Gramm-Bliley.


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