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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (1445121)	3/8/2024 6:51:21 PM
From: Doren	Read Replies (1) \| Respond to of 1572209

The only alternative would be to raise taxes. That's not going to happen. By the way I've blamed Clinton and Bush equally on the rape of America in 2008 although the destruction of Glass–Steagall and its replacement by Gramm–Leach–Bliley was a republican wet dream come true. I also blame Clinton for the Commodity Futures Modernization Act of 2000 and the relaxation of CAFE standards that fucked the middle class during the Bush Administration. Those wars were huge blunders.

To: Broken_Clock who wrote (1445121)	3/8/2024 7:03:32 PM
From: Doren	Read Replies (1) \| Respond to of 1572209

> 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.