Retirement: A third have less than $1,000 put away

evince said:
well you claim is does not have the effect it clearly had.

what is your alternate theory of why they did that then?
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I don't have any alernate theories. If we're talking about the crash, I put a lot of blame on Bush's fiscal irresponsibility, but I also think SF is right about Glass-Steagull to an extent, and as for the housing bubble - the most obvious cause - both Democrats and Republicans are to blame.

You can never admit fault on the part of Dems; it's a real issue.
 
cawacko said:
Leaving aside the fact she and Superfreak have had this exact same discussion over and over and over and SF has continually shown her where she is mistaken here just look at the comment that she believes the crash would be impossible with her interpretation of the law. Onceler, have you heard anyone else make this claim? Desh is the only person who knows that had this been done there would have been no economic fallout?

That's just delusional.
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why do you accept his interpitation of the rules over the SEC own interpitations?

because your a fucking partisan hack with dead brain cells
 
cawacko said:
Leaving aside the fact she and Superfreak have had this exact same discussion over and over and over and SF has continually shown her where she is mistaken here just look at the comment that she believes the crash would be impossible with her interpretation of the law. Onceler, have you heard anyone else make this claim? Desh is the only person who knows that had this been done there would have been no economic fallout?

That's just delusional.
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This is actually the 1st time I've seen that claim. But I usually ignore SF & desh when they get going.
 
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





This is an SEC release

its what the SEC said it means
 
the banks would not have written all that sub prime if they didnt think they could dump it by hiding it in triple AAA securities and sell it off to dupes
 
Why did the Bush admin hold back for 8 years the VERY part of GLBact that would have prevented the crash?
 
evince said:
enough of you trying to change the subject

Ill talk nice to you while you explain that SEC release mmmkay?
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I have explained it to you 1000 times. You think it means one thing and it means something completely different. If you want a civil discussion, then tell us again what YOU think it means.

Explain to us how the rules that were held up affected the housing market collapse (and subsequent economic turmoil)
 
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U.S. Securities and Exchange Commission






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
 
evince said:
SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers


how banks can be securities brokers.


Not my interpitation but the fucking SEC interpitation of that rule.

your lies don't cut it super duper
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Post the individual rules desh. We can take them one at a time for you... AGAIN.
 
evince said:
how banks can be securities brokers.

wgat was your crap line about it again super duper?
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LOL... tell us what they mean desh... surely you know. What transactions could the bank do and not do. What employees of the bank were affected? Just stomping your feet and saying 'how banks can be brokers' doesn't show you understand what is meant.
 
Thing1 said:
LOL

I knew you were pretty badly informed about things in general, but the bolded really takes the cake. How old are you?
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So you cannot respond to the following and instead engage in your typical juvenile dishonest fashion: I asked you to prove how Wall Street fluctuations are remotely connected to job creation or deficit spending. Right now the Market is at all-time highs while job creation is non-existent and deficits are at record highs.

I’ll gladly put my experience, knowledge, education and economics up against yours any day, any time anywhere.
 
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