Financial Collapse: Nothing to see here

[David]

U.S. banks told to make plans for preventing collapse

7:05 AM CDT, August 10, 2012

U.S. regulators directed five of the country's biggest banks, including Bank of America Corp. and Goldman Sachs Group Inc., to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.

http://www.chicagotribune.com/busin...nting-collapse-20120810,0,2789414,print.story

And a special shout out to His Royal Heiness Steny Hoyer who, under El Presidente Bill Clinton, joined the Republicans in doing away with Glass-Steagal ( http://en.wikipedia.org/wiki/Glass–Steagall_Act) --that pesky legislation implemented after the great depression which created a wall between mainstream banks and investment banks in order to prevent the former from engaging in risky ventures.

 

[kwillia]

Goes along with...

The Civil War Of 2016 U.S. Military Officers Are Told To Plan To Fight Americans - Video | Alternative

 

[jetmonkey]

And a special shout out to His Royal Heiness Steny Hoyer who, under El Presidente Bill Clinton, joined the Republicans in doing away with Glass-Steagal ( Glass) --that pesky legislation implemented after the great depression which created a wall between mainstream banks and investment banks in order to prevent the former from engaging in risky ventures.

That was a huge ####up.

 

[EmptyTimCup]

Glass Stegal

CRA - and the follow up changes / lawsuits over 'red line' neighborhoods

David, that was the evil wall st bankers / republicans faults

Progressives will tell you so ......