The Biggest Conspiracy of All

[Complexity]

Let me get this straight, now conspiracy theorists want closed market economies and more regulation??

No, he just wants attention.

Don't feed the troll.

 

[Stylesjl]

The conspiracy runs very deep, I got this message from the conspirators:

All your Congress are belong to us.

 

[jhunter1163]

After a careful reading of this thread and discussion with several doctors, lawyers, teachers, bankers, certified public accountants and NWO operatives, we have come to the conclusion that the topic is the repeal of Glass-Steagall and whether there was a conspiracy surrounding it. So please limit your comments to that topic. Thanks for your anticipated cooperation.

Replying to this modbox in thread will be off topic  Posted By: jhunter1163

 

[Gawdzilla Sama]

Much of the deregulation was of safeguards in place to protect against another depression.

Simple economics that's for sure.

This. The banks were playing all kinds of games in the 1920s, and spending a lot of imaginary money. The banking regulations kept that kind of thing in check until Raygun got into office.

 

[Nick Terry]

Its own Congress dismantled America by deregulation and trade agreements. Who the hell told them to do that? Oh yeah, follow the money.

I'm guessing this is the same conspiracy that dumbed down school standards resulting in the appalling incoherence.... nah, won't go there.

 

[Nick Terry]

Clayton, how is it a conspiracy when deregulation has been debated publicly in economics journals, books, newspaper op-eds, state legislatures and on Capitol Hill for the better part of 40 years, since at least the start of the 70s?

What planet were you living on during the post-Keynesian era? Where the hell were you when critics of deregulation needed your support?

Antisemitism sure is the socialism of fools.

 

[Garrison]

It's simple enough. The right wingers who made the assumption that the old cliché 'what's good for business is good for America' held true and backed deregulation now find out it means outsourcing of jobs and cheap imports shifting the balance of power to China. Naturally it couldn't have been that they just screwed up so they must have been tricked by the NWO.

 

[Sceptic-PK]

I see it claimed a lot but I haven’t seen any explanations of how the repeal of Glass-Steagall contributed to the GFC.

 

[SezMe]

Here is one article that seems sensible to me:

In short, repeal of Glass-Steagall allowed commercial lenders to make loans (say, in the form of mortgages) and trade instruments derived from those loans (say, in the form of mortgage-backed securities). Commercial banks could even create new investment entities that would be responsible for buying those securities.

The expanded palette of products and operations that were available in the wake of Glass-Steagall's repeal certainly contributed to the financial crisis, as banks took risks with their customers' deposits and debts that were previously illegal. Banks had new ways to make money, and new license to get "too big to fail"; a holding company could hold and create whatever it wanted.

Reintroducing Glass-Steagall would change that.

However, I can find many other articles that say reinstating Glass-Steagall wouldn't change a thing. Pick your poison.

 

[Clayton Moore]

Its own Congress dismantled America by deregulation and trade agreements. Who the hell told them to do that? Oh yeah, follow the money.

Congress dismantled America by deregulation and trade agreements.

That's the topic of the thread. That's the conspiracy.

 

[Clayton Moore]

Antisemitism sure is the socialism of fools.

??

 

[Clayton Moore]

Here is one article that seems sensible to me:

Many people who would cheer the return of Glass-Steagall also caution that it is not a magic pill. Glass-Steagall alone could not prevent the next financial crisis, say Simon Johnson and his co-author, James Kwak, in 13 Bankers. In addition to separating commercial and investment banking activities, they argue, there should be a well-defined limit on how large any financial institution is allowed to get; if they're above the limit at the time it's set, then they should be broken up and forced to reconstitute as a smaller entity.

As a starting point, Kwak and Johnson recommend that the government consider limiting a bank's holdings to no more than 4 percent of GDP. Currently, the six largest banks collectively hold assets equal to 66 percent of GDP.
A false sense of security?

But while steam is building behind a return to Glass-Steagall, the same cannot be said for legislation that would explicitly limit bank size. The Bloomberg report mentions 2010 legislation sponsored by Democratic Senators Sherrod Brown and Ted Kaufman to limit bank size that was ultimately unsuccessful. Paul Ryan and Newt Gingrich may be on board with dividing up financial institutions, but they've yet to come out in support of an outright limit on the size of any single institution.

The highlighted shows that congress is being influenced to not protect American savers.

 

[Nick Terry]

Congress dismantled America by deregulation and trade agreements.

That's the topic of the thread. That's the conspiracy.

But there's no conspiracy. Deregulation was openly pushed through by a series of Presidents going back 30 years at the very least. Congress openly passed a bill repealing Glass-Steagall in 1999 based on arguments conducted in public. The major change was to end the separation of commercial and investment banking. But that separation has not historically been an issue in other countries' banking systems.

From 1933 (Glass–Steagall Act) until 1999 (Gramm–Leach–Bliley Act), the United States maintained a separation between investment banking and commercial banks. Other industrialized countries, including G8 countries, have historically not maintained such a separation.

 

[Nick Terry]

??

Antisemitism is the socialism of fools.

 

[TSR]

The highlighted shows that congress is being influenced to not protect American savers.

.
No, it shows that the jury is still out on best to accomplish that protection.

If you have all of the answers already, why aren't *you* running for office in order to implement those answers?


Are the Joos stopping you?
.

 

[Chaos]

Antisemitism is the socialism of fools.

Care to explain that? I´m all for pointing out the general lack of facts and evidence in the OP´s offerings, but let´s not be any more cryptic than necessary, okay?

 

[CosmicDP]

Its own Congress dismantled America by deregulation and trade agreements. Who the hell told them to do that? Oh yeah, follow the money.

Well that's just silly. To anybody who has done the research it is clear that the biggest conspiracy of all, especially now that 2012 has begun, is the hamfisted efforts of the aluminati to suppress the truth of bottsrgeddon.

 

[Sceptic-PK]

Here is one article that seems sensible to me:



However, I can find many other articles that say reinstating Glass-Steagall wouldn't change a thing. Pick your poison.

Yeah, that was my realisation too. Not being nearly knowledgeable about the issue I don’t know whom to believe.

 

[trustbutverify]

if you are American, I would ask you that, as your government has been attempting to teach you, for many years now.

those pesky tewwowists / pot smokers / commies / etc / etc /

Yea- the real threat is those jewey Rothschilds!

 

[trustbutverify]

well, derail or not it has more substance than the OP has provided for his claims.

I'd probably like to agree with him but he didnt give me anything to latch on to.

Yes, I'm certainly aware of your desire to agree with neo-Nazis.