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


To: chartseer who wrote (116264)10/25/2011 11:59:31 AM
From: joefromspringfield4 Recommendations  Read Replies (4) | Respond to of 224706
 
"Who is Robert Rubin and whom did he work for. What is the connection between Mr Rubin and the Glass Steagall Act?"

The repeal of Glass Steagall was just one of three laws that led to less regulation of the financial industry. The community reinvestment act created the sub prime mortgage business. The commodities and futures modernization act exempted the derivatives from gambling laws.

Unfortunately for Ken, all three of these laws were signed by president Clinton.