Very interesting

Because the broker rules were written into the bill.

then the Bush SEC gamed the bill and held back the parts they didnt like
 
Superfreak said:
LMAO... 90-2 vote in the Senate. Signed by Bill Clinton. No matter how hard you Dems try, nothing is going to change the FACT that it was repealed by both parties. Pointing to the original authors of the bills and saying it was all them is nothing short of partisan stupidity.
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LMFAO, if Graham had never been born, Glass would still be standing. Idiot.
 
I've never contested that Clinton repealed Glass-Steagall...but I've learned some new things with this exchange. Thanks ladies.
 
Rune said:
Yes, it is also known as "claiming the expert", one of many tricks Simplefreak uses to bulley (supposedly) weaker opponents.
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he used to bully me like that all the time.

I was too trusting at the time and allowed him to play me some.

then I was proven right on so many things he told me I was wrong on I got his number.


why some people perfer to deal in lies and bullshit emotional games is beyond real thinking people.


he just dosent have any morals
 
cawacko said:
Ok, since I don't listen to Rush, Fox News, MSNBC or Media Matters that doesn't really help me.

So if someone says is politician A better than Politician B, or restaurant A is better than restaurant B where do you find your court documented evidence or scientific research to answer the question?
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In the Bible silly!
 
evince said:
he used to bully me like that all the time.

I was too trusting at the time and allowed him to play me some.

then I was proven right on so many things he told me I was wrong on I got his number.


why some people perfer to deal in lies and bullshit emotional games is beyond real thinking people.


he just dosent have any morals
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Simplefreak isn't a bad guy. He has some great ideas, but his style of debate is not pretty. Not nearly as bad as yurtroll, but he is definitely a bully.
 
evince said:
I have told you before but I will tell you again.
Brokers in the past had to have a brokers lisence.
Banks could hire and train whomever they wanted to preform these NEWLY gained services with no license needed.
These brokers were beholdne ONLY to the banks.
Now set broker rules that would cause them to lose their license if they sold bank securitiestainted with subprime like the banks ordered them to sell or lose their jobs.

If the banks could not have pawned off the subprime loans to unsuspecting securities buyers they could not have made money from writing them.

please remember the answer for next time
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ROFLMAO...

http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20080829a1.pdf

Yes, I have mocked you for your above type response before and will continue doing so.

Please show us where in the above it talks about individual brokers Desh. Just point to which of the five pages and which paragraph.

Your problem is you don't know that the term 'broker' can refer to an individually licensed PERSON or a BUSINESS itself. Everything in the 'excemption' list is referring to the BANK itself being EXEMPT from being a registered Broker. It has nothing to do with the individuals they hire. At least not that I can see. But as you have stated, you know the FACTS and thus I am sure you will point us to the section that I must be missing.
 
Superfreak said:
ROFLMAO...

http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20080829a1.pdf

Yes, I have mocked you for your above type response before and will continue doing so.

Please show us where in the above it talks about individual brokers Desh. Just point to which of the five pages and which paragraph.

Your problem is you don't know that the term 'broker' can refer to an individually licensed PERSON or a BUSINESS itself. Everything in the 'excemption' list is referring to the BANK itself being EXEMPT from being a registered Broker. It has nothing to do with the individuals they hire. At least not that I can see. But as you have stated, you know the FACTS and thus I am sure you will point us to the section that I must be missing.
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Note Simplefreak continues to ignore everyone but Evince.
 
Superfreak said:
ROFLMAO...

http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20080829a1.pdf

Yes, I have mocked you for your above type response before and will continue doing so.

Please show us where in the above it talks about individual brokers Desh. Just point to which of the five pages and which paragraph.

Your problem is you don't know that the term 'broker' can refer to an individually licensed PERSON or a BUSINESS itself. Everything in the 'excemption' list is referring to the BANK itself being EXEMPT from being a registered Broker. It has nothing to do with the individuals they hire. At least not that I can see. But as you have stated, you know the FACTS and thus I am sure you will point us to the section that I must be missing.
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Section 3(a)(4)(B) of the Exchange Act also includes other “broker” exceptions for banks. These exceptions include transactions in exempt securities (such as U.S. government securities); certain stock purchase plans; affiliate transactions; private securities offerings; identified banking products; municipal securities; and a de minimis number of other securities transactions. Although Regulation R does not include provisions related to these statutory exceptions, they remain in force and available to banks.
 
evince said:
Because the broker rules were written into the bill.

then the Bush SEC gamed the bill and held back the parts they didnt like
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you do realize that what was held back was EXEMPTIONS for banks being labeled as brokers. The exemptions mean LESS regulation Desh, not more.
 
evince said:
Section 3(a)(4)(B) of the Exchange Act also includes other “broker” exceptions for banks. These exceptions include transactions in exempt securities (such as U.S. government securities); certain stock purchase plans; affiliate transactions; private securities offerings; identified banking products; municipal securities; and a de minimis number of other securities transactions. Although Regulation R does not include provisions related to these statutory exceptions, they remain in force and available to banks.
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1) That is talking about the BANK being EXEMPT from being registered as a broker dealer.
2) Putting this exemption in place means they are LESS regulated, not more.
 
Rune said:
LMFAO, if Graham had never been born, Glass would still be standing. Idiot.
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LMAO... you realize there were three authors of the bill??? You also realize that the banking industry lobbied hard for this repeal???

You honestly sit here now and pretend that if one guy hadn't been born that none of this would have happened?
 
the bank did not have to license the the brokers at all with the rules in limbo.


Now how did that work out?
 
Rune said:
Simplefreak isn't a bad guy. He has some great ideas, but his style of debate is not pretty. Not nearly as bad as yurtroll, but he is definitely a bully.
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LOL... right... ok... sorry, I just have a low tolerance for idiots. Desh and Ditzie alike... Yes, I am going to hammer them when they repeat nonsense over and over again when it is clear they have no comprehension of the topic they are pretending to understand.
 
Superfreak said:
LMAO... you realize there were three authors of the bill??? You also realize that the banking industry lobbied hard for this repeal???

You honestly sit here now and pretend that if one guy hadn't been born that none of this would have happened?
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That's right. No one in their right mind would have done what Graham did.
 
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