I yield my time to the hypocrite from another state

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no_vaseline said:
I agree. Repealing Glass/Steagall was horrible.

http://www.investopedia.com/terms/g/glass_steagall_act.asp

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.
Click to expand...

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.

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awgee said:
no_vaseline said:
I agree. Repealing Glass/Steagall was horrible.

http://www.investopedia.com/terms/g/glass_steagall_act.asp

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.
Click to expand...

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.
Click to expand...

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