I yield my time to the hypocrite from another state

I agree. Repealing Glass/Steagall was horrible.



<a href="http://www.investopedia.com/terms/g/glass_steagall_act.asp">http://www.investopedia.com/terms/g/glass_steagall_act.asp</a>



Had we never deregulated the investment banks, this would of never happened.



I have a hard time making up my mind which was dumber - deregulating investment banks, or deregulating the Calfornia utilities.
 
[quote author="no_vaseline" date=1235617638]I agree. Repealing Glass/Steagall was horrible.



<a href="http://www.investopedia.com/terms/g/glass_steagall_act.asp">http://www.investopedia.com/terms/g/glass_steagall_act.asp</a>



Had we never deregulated the investment banks, this would of never happened.



I have a hard time making up my mind which was dumber - deregulating investment banks, or deregulating the Calfornia utilities.</blockquote>


Yes, it would have. The largest bank, the Federal Reserve, is what caused and enabled interest rate manipulation, asset inflation, and leverage. The MSM is fond of blaming deregulation, but the MSM is wrong as always.
 
Ron Paul was going off on Bernanke this morning about the Fed just reinflating.





<object width="325" height="250"><embed src="http://www.youtube.com/v/youtube" type="application/x-shockwave-flash" width="325" height="250"></embed></object>
 
[quote author="awgee" date=1235627318][quote author="no_vaseline" date=1235617638]I agree. Repealing Glass/Steagall was horrible.



<a href="http://www.investopedia.com/terms/g/glass_steagall_act.asp">http://www.investopedia.com/terms/g/glass_steagall_act.asp</a>



Had we never deregulated the investment banks, this would of never happened.



I have a hard time making up my mind which was dumber - deregulating investment banks, or deregulating the Calfornia utilities.</blockquote>


Yes, it would have. The largest bank, the Federal Reserve, is what caused and enabled interest rate manipulation, asset inflation, and leverage. The MSM is fond of blaming deregulation, but the MSM is wrong as always.</blockquote>


But the Fed hasn't failed yet! You might be right. You usually are.
 
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