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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Honey_Bee who wrote (490867)	6/13/2012 6:35:51 PM
From: sm1th	Respond to of 793838

but the whole thing was set in place with the removal of the Glass-Steagall Act under Clinton's watch You cannot underestimate the impact of the Fed keeping interest rates low after the internet bubble burst. The housing bubble couldn't have happened at historically normal interest rates.

To: Honey_Bee who wrote (490867)	6/13/2012 11:00:22 PM
From: MJ	Read Replies (1) \| Respond to of 793838

Regarding Glass Steagel Repeal under Clinton. How well I remember. That is when the system for buying a house became complicated with banks filling multiple roles. I did a search to be sure we were talking about the same----------and yes we are . I agree with you on your statement. Now to the newest thing. The brokerage firm, online, that I do business with is advertising that I can set up a checking account and pay my bills via the account with them. So now, again I am not liking the direction. Why should I put all of my "eggs in one basket" with the brokerage firm.