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Re: A really good quote from Elizabeth Warren  

By: oldCADuser in FFFT | Recommend this post (2)
Sat, 01 Oct 11 11:07 PM | 73 view(s)
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Msg. 34442 of 65535
(This msg. is a reply to 34390 by clo)

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Clo,

And remember Glass-Stegall was repealed so that Enron would be free to pursue a business model that was disallowed under that act, all because Phil Gramm's wife was on Enron's board and used her 'connections' to get that for her friends. And what happened to Enron should have been a warning to the rest of the world.




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The above is a reply to the following message:
Re: A really good quote from Elizabeth Warren
By: clo
in FFFT
Fri, 30 Sep 11 2:10 PM
Msg. 34390 of 65535

We have a rigged system, Goldman Sachs & JP Morgan are in control.

Unless we reinstate a system with the Glass-Steagall Act, this house of cards will continue to fall.
Ending the Glass-Steagall Act caused the housing debacle! That eroded this economy!

'Rules' do NOT inhibit growth, the lack of good governance does....

Folks want to know the rules & they want rules to protect their investment, not the sham we have had since the end of Clinton's administration.

Thanks to uponroof for the following video.

http://www.youtube.com/watch?v=YtjbZl6ZwkQ&


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