Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

onwardsand upwards

(276 posts)
2. Thank you for posting this.
Mon Dec 30, 2013, 08:37 AM
Dec 2013

It's astonishing how self-congratulatory this group is, as they dismantle the financial regulatory safety net -- which was set up during the great depression -- leading to the worst financial crisis since the great depression.

There was big money to be made from it (as there always is when you break a law) and it went through like greased lightning. Such cooperation from all quarters! Phil Gramm, the senior senator behind the bill, left politics shortly afterwards to become an executive in the financial sector -- reaping the private benefits of his public actions.

It's fascinating to watch Larry Summers lead the proceedings. This is the same Larry Summers that was considered to be the leading candidate to be the new Fed Chairman only a few months ago. Stunning!!!!

These people should be in jail.

It's sickening that they're still strutting around, smirking ...



Signing of the Gramm-Leach-Bliley Act [View all] Drunken Irishman Dec 2013 OP
Something he should never be forgiven for rpannier Dec 2013 #1
+1 a whole bunch.......nt Enthusiast Dec 2013 #3
Thank you for posting this. onwardsand upwards Dec 2013 #2
I agree with you. Enthusiast Dec 2013 #4
+1000 JDPriestly Dec 2013 #6
As Phil Gramm, a professor in ecominics, said "if you will just deregulate them everything Thinkingabout Dec 2013 #5
Other factors Pantagruelsmember Dec 2013 #7
Democracy is not protecting us from greed. L0oniX Dec 2013 #8
Latest Discussions»Retired Forums»Video & Multimedia»Signing of the Gramm-Leac...»Reply #2