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Forum Post: Congressman Dingell (D) In 1999, Warns Against Repealing the Glass-Steagall Act of 1933 /// He Argues that Repealing the Law would Allow Banks to Become "Too Big To Fail," Causing Instability in the Financial System.

Posted 12 years ago on Jan. 21, 2012, noon EST by MonetizingDiscontent (1257)
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Too Big to Fail? Congressman Dingell (D) In 1999

(((Video))) http://www.youtube.com/watch?v=y2RzRv8yQXQ&feature=player_embedded#!

In a speech on the Floor of the House of Representatives in 1999, Congressman Dingell warns against repealing the Glass-Steagall Act of 1933. He argues that repealing the law would allow banks to become "too big to fail," which would cause instability in financial system. Nonetheless, Congress repealed the law and the nation suffered the tragic consequences of the 2008 financial crisis about a decade later.

MUST SEE GRAPHIC - How The Too Big To Fail Banks Were Born


This is how the U.S. banking monopoly was created after more than two decades of unbridled bank mergers endorsed, and in some cases, encouraged the by the OCC, the FDIC, the FTC and the elimination of Glass-Steagall.

Kyle Bass: Bring Back Glass-Steagall, Eliminate Off-Balance Sheet Assets, And Cap Leverage At 10X


AmeriCatalyst 2011: Session 1.2 Come Undone: Kyle Bass redux

(((Video))) http://www.youtube.com/watch?v=5V3kpKzd-Yw

Kyle is back for the third year in a row, as the star of Session 2 on Day 1 at AmeriCatalyst 2011, which took place Nov. 6-8, 2011, in Austin, Texas.

The interview of Kyle begins at around 2 minutes, 30 seconds into the video.

(((Starts to get interesting around the 19 minute mark)))



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[-] 1 points by ebri (419) 12 years ago

Thank you for these posts. It is appreciated. No, I am not a "bot."