In a valiant effort to undo one of the regulatory fuckups that led to the 2007-08 financial crisis, a bipartisan group of senators has introduced a bill that would reinstate some of the provisions of the New Deal-era Glass-Steagall Act, requiring banks to separate their retail banking functions from their riskier investment activities, essentially forcing most big banks to split into smaller entities.
Unless there's some language in there about not killing babies, or praising Jesus, or anti-Sharia law, or hating buttsecks, I'm afraid the Wingnut Party just won't have time to consider it. What with all its focus on jobs, jobs, jobs and stuff.
Every month at the Rotary Club meeting, the stockbrokers and real estate dealers and life insurance salesmen would laugh and laugh at the bankers and S&L guys. "Ha, ha," they would laugh. "You are in a 3-6-3 business. You take the money in at 3 percent, loan it out at 6 percent, and are on the golf course every afternoon at 3. Whereas we jaunty pirates and financial plunderers sell variable annuities to widows and strip them of their fortunes."
Then-senator Phil Gramm said to himself, "This is the kind of oppressed underclass I was elected to represent," and got Glass-Steagall repealed. Today we all live in the world he created. Ain't it grand?
Sen. Warren: "Banking Should Be Boring."
State Legislatures in 37 states: "Bonking Should Be Boring."
And then press the detonator.
Edward Brooke appeared to be a rational human being.
Today, we are all senior vice presidents for retail banking services.
you should just tell us what he said cause no way in hell i'm linking on that slime trail.
OT - But thank goodness we have Eric Ericscon to push forward the frontiers of douchebaggery (said no one ever) <a href="http:\/\/www.lipstickalley.com\/f153\/erik-erikson-just-joked-about-coat-hanger-abortions-540217\/" target="_blank">" rel="nofollow noopener" title="http://www.lipstickalley.com/f153/erik-erikson-ju...">http://www.lipstickalley.co...
How can you fleece the sheep if you put up fences? :-(
I bet Big Bank misses little Scotty Brown.
Wow. Kid Zoom gets a job a week ago and is now on vacation. Are there any openings at the ice cream shop?
Unless there&#039;s some language in there about not killing babies, or praising Jesus, or anti-Sharia law, or hating buttsecks, I&#039;m afraid the Wingnut Party just won&#039;t have time to consider it. What with all its focus on jobs, jobs, jobs and stuff.
Every month at the Rotary Club meeting, the stockbrokers and real estate dealers and life insurance salesmen would laugh and laugh at the bankers and S&amp;L guys. &quot;Ha, ha,&quot; they would laugh. &quot;You are in a 3-6-3 business. You take the money in at 3 percent, loan it out at 6 percent, and are on the golf course every afternoon at 3. Whereas we jaunty pirates and financial plunderers sell variable annuities to widows and strip them of their fortunes.&quot;
Then-senator Phil Gramm said to himself, &quot;This is the kind of oppressed underclass I was elected to represent,&quot; and got Glass-Steagall repealed. Today we all live in the world he created. Ain&#039;t it grand?