Taxes were cut, where are the jobs?
- Thread starter Jarod
- Start date
canceled.2021.1
#AMERICAISDEAD
Prove it would have prevented it. Be sepcific
All you need to do is look at what rules were LIFTED, moron.
canceled.2021.1
#AMERICAISDEAD
evince
Truthmatters
Brokers had to be lisenced before GLBact.
if they sold things and lied about what was in what they were selling they would have lost their accredidation.
During this laspe in the laws banks could hire whimever they wanted and train them however they wanted.
remember BEFORE this law the banks could NOT sell securities.
now all of the sudden they could and had no rules about who was a broker.
Thata meant the very people now selling securities were bank dupes.
NOT professional brokers as in the past.
Most buyers had NO idea that the broker rules were not allowed to be implimented.
they just trusted their brokers like they had been able to do in the past.
Like in the past when the Broker had a REAL stake in what they sold being good products ( or their lucartive carreers were trashed) or they lost their income and carreer.
The banks made HUGE summs of money off lacing the old securites with the new shit assed sub primes they were now cranking out.
It was great profit for quite a few years....like arround 8 years while the broker rules were held up.
Then guess what?
Boom goes the dynomite and the bottom falls out .
ooopppsee
if they sold things and lied about what was in what they were selling they would have lost their accredidation.
During this laspe in the laws banks could hire whimever they wanted and train them however they wanted.
remember BEFORE this law the banks could NOT sell securities.
now all of the sudden they could and had no rules about who was a broker.
Thata meant the very people now selling securities were bank dupes.
NOT professional brokers as in the past.
Most buyers had NO idea that the broker rules were not allowed to be implimented.
they just trusted their brokers like they had been able to do in the past.
Like in the past when the Broker had a REAL stake in what they sold being good products ( or their lucartive carreers were trashed) or they lost their income and carreer.
The banks made HUGE summs of money off lacing the old securites with the new shit assed sub primes they were now cranking out.
It was great profit for quite a few years....like arround 8 years while the broker rules were held up.
Then guess what?
Boom goes the dynomite and the bottom falls out .
ooopppsee
canceled.2021.1
#AMERICAISDEAD
So you are saying licensed brokers is te reason Lehman Brothers went tits up?
Really?
ROFLMAO
Fuck off, Alias. You're a tard. That's why you need it spelled out. You didn't get it the first 30 times it was discussed.
evince
Truthmatters
dude they no longer had to fear losing a license, they were not required anymore because the rules for them were not there for 8 years
canceled.2021.1
#AMERICAISDEAD
Fear of losing a license is greater? ROFLMAO. I cant believe you believe this shit
canceled.2021.1
#AMERICAISDEAD
Just curious. Why does this Alias have pictures of you? Lord knows what he could do with them. The fact that you gave pictures to some random person on the Internet doesn't say much about your smarts. Who does that?
ROFLMAO
canceled.2021.1
#AMERICAISDEAD
Seriously do you think fear of losing a license is really going to keep someone from doing some illegal shit?
evince
Truthmatters
it had kept the brokers from being talked into illegal activity for decades before they were removed so yes
evince
Truthmatters
http://www.sec.gov/news/press/2007/2007-190.htm
SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers
Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented
FOR IMMEDIATE RELEASE
2007-190
Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.
SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers
Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented
FOR IMMEDIATE RELEASE
2007-190
Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.
Wow, how could you possibly have info like that about me? Gee I wonder?
Post my pic, Alias. Let's see what you've got.
Wow, that was stupid, nothing like incriminating ones self.
