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Phil Gramm: Repealing Glass-Steagall Didn't Cause Crash (Gramm has joined Paul Ryan's economic fact-finding commission)

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http://crooksandliars.com/susie-madrak/phil-gramm-repealing-glass-steagall-d

"Phil Gramm, who was working for the banks even before he was working for the banks (if you know what I mean), tries to do retroactive damage control after statements by Sanford Weill that it was a mistake to repeal the Glass-Steagall Act - you know, the one that was replaced by the legislation Phil Gramm helped write?..."

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nochain wrote:Phil Scam is more accurate.

The biggest scam for this entire economic mess...was the 'super' commission appointed by this COWH and then he decided he knew better and ignored their reccommendations...Arrogance...Ignorance...or a combination?.....

newswatcher wrote:The biggest scam for this entire economic mess...was the 'super' commission appointed by this COWH and then he decided he knew better and ignored their reccommendations...Arrogance...Ignorance...or a combination?.....

The super committee issued no recommendations, brain trust.

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lol... you leftists live in an alternate universe.

http://money.cnn.com/2011/04/13/news/economy/debt_commission_obama/index.htm

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PkrBum wrote:lol... you leftists live in an alternate universe.

http://money.cnn.com/2011/04/13/news/economy/debt_commission_obama/index.htm

You have to remember Sally is a delusional narcissist who poses as an ineffectual ultraliberal spinmeister with knowledge only wikipedia deep.

Ahem.

The Simpson Bowles Commission is not the same thing as the Super Committee, nimrods.

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Floridatexan wrote:
http://crooksandliars.com/susie-madrak/phil-gramm-repealing-glass-steagall-d

"Phil Gramm, who was working for the banks even before he was working for the banks (if you know what I mean), tries to do retroactive damage control after statements by Sanford Weill that it was a mistake to repeal the Glass-Steagall Act - you know, the one that was replaced by the legislation Phil Gramm helped write?..."


What a joke. Sandy Weill tore down the Glass-Steagall wall before the law was repealed!

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Floridatexan wrote:
http://crooksandliars.com/susie-madrak/phil-gramm-repealing-glass-steagall-d

"Phil Gramm, who was working for the banks even before he was working for the banks (if you know what I mean), tries to do retroactive damage control after statements by Sanford Weill that it was a mistake to repeal the Glass-Steagall Act - you know, the one that was replaced by the legislation Phil Gramm helped write?..."


Uh Clinton signed it into law.

PACEDOG#1 wrote:
Floridatexan wrote:
http://crooksandliars.com/susie-madrak/phil-gramm-repealing-glass-steagall-d

"Phil Gramm, who was working for the banks even before he was working for the banks (if you know what I mean), tries to do retroactive damage control after statements by Sanford Weill that it was a mistake to repeal the Glass-Steagall Act - you know, the one that was replaced by the legislation Phil Gramm helped write?..."


Uh Clinton signed it into law.

What's more, Rob Rubin and the rest of Clinton's Treasury Dept. were avid lobbyists for repealing G-S....it was a bipartisan effort.

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Here's a link with plenty of documentation, explanation and opinion.

http://www.softpanorama.info/Skeptics/Financial_skeptic/Casino_capitalism/glass_steagal_repeal.shtml

Bill Clinton's signature was a mere formality; there was no possibility of veto. The bill was crafted by 3 Republicans and the G-S regulations had already been violated in essence by Sandy Weill in the merger of Citi and Travelers.

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