Welcome login | signup
Language en es fr

Forum Post: Glass Steagall All of A Sudden? From Both Sides Of The Isle??

Posted 8 years ago on July 25, 2012, 2:38 p.m. EST by FreedomReigns (72)
This content is user submitted and not an official statement

All Of The Sudden, Congressmen Were Talking About Reinstating Glass-Steagall On The Hill Today???

Posted by Jean on July 25, 2012

I guess the prospect of possible jail time is getting them interested in doing what’s right? ~J

Source: Business Insider Linette Lopez

“This morning, former Citigroup CEO Sandy Weill said that Wall Street banks needed to be split up so that retail banking was separate from investment banking.

And in this world of instant communication, his words were news the instant he spoke them.

That means that hours later, Congressmen on The Hill questioning Tim Geithner had a new song to sing — ‘let’s take a look at Glass-Steagall’, a law repealed during the Clinton Administration that separated investment banking from retail banking.

The crazy thing is, this song was coming from both sides of the aisle…”




Read the Rules
[-] 2 points by Nevada1 (5843) 8 years ago

Hi Freedom, Good post. It is nice, to get some good news.

[-] 2 points by TrevorMnemonic (5827) 8 years ago

i'll believe it when I see it. Politicians have this thing about talking and voting differently.

Reinstating Glass Steagall would be a nice small victory.

[-] 1 points by FreedomReigns (72) 8 years ago