Let's start with this. This is a joke. The Global Economic COLLAPSE was actually a collapse. I reality Paulson never felt it, but, it did destroy the global economy. It just didn't destroy the FEW banks left standing. And the truth is, the ONLY major bank still standing that should be still standing is JP Morgan.
- 04/26/10 10:47 AM ET
Republicans went "too far" (click here) when they spearheaded the repeal of the Glass-Steagall Act in 1999, a top GOP lawmaker said Monday.
Rep. Darrell Issa (R-Calif.), the ranking member of the House Oversight and Government Reform Committee, said that many of his current colleagues erred when they voted to repeal the 1932 act that mandated, among other things, the separation of commercial and investment banking.
"There's no question that, in 1999, when they 'deregulated' by getting rid of Glass-Steagall — something that was done with a Republican Congress and a Democratic president — I think we really went too far in saying there are banks and there are non-banks and they can own each other," Issa said Monday during an appearance on "Imus in the Morning" on the Fox Business Network....
This bears the DEMAND that banks are not only best regulated, but, small enough to actually manage.
The reason Paulson is screaming there is going to be another collapse is because he is a Wealth Junkie and he has spent all the liquidity he gained with Quantitative Easing. The 'start up' in China was not cheap and I guarantee his creature comforts were and are plenty.
That is the huge folly and "Good Ole Boy's Club" of Bernanke. He kept padding the pockets of the wealthy because, "Well, we just aren't there yet, Ben." And of course, Gentle Ben wanted to create a more bearish economy that was stable and unshakable.
What Bernanke created instead was so much liquidity it INHERITED disaster along with it. Why? Because all the same old players are in place STILL and no one learned anything, except, how to capitalize on failure.
All the regulations have to go back in place, "Bank Fitness Tests" have to be chronic and Quantitative Easing has to stop, it is destroying the monetary systems of countries.
Paulson is a parasite, he needs to take his whining elsewhere. "It is for the record." Like hell, it is for the propaganda.
Sept. 12 (Bloomberg) -- Judd Gregg, CEO at Securities Industry & Financial Market Association, recalls his personal experience in meetings with former U.S. Treasury Secretary Hank Paulson about the TARP program and the public perception of the program. He speaks on Bloomberg Television's "Bloomberg Surveillance."
- 04/26/10 10:47 AM ET
Republicans went "too far" (click here) when they spearheaded the repeal of the Glass-Steagall Act in 1999, a top GOP lawmaker said Monday.
Rep. Darrell Issa (R-Calif.), the ranking member of the House Oversight and Government Reform Committee, said that many of his current colleagues erred when they voted to repeal the 1932 act that mandated, among other things, the separation of commercial and investment banking.
"There's no question that, in 1999, when they 'deregulated' by getting rid of Glass-Steagall — something that was done with a Republican Congress and a Democratic president — I think we really went too far in saying there are banks and there are non-banks and they can own each other," Issa said Monday during an appearance on "Imus in the Morning" on the Fox Business Network....
This bears the DEMAND that banks are not only best regulated, but, small enough to actually manage.
The reason Paulson is screaming there is going to be another collapse is because he is a Wealth Junkie and he has spent all the liquidity he gained with Quantitative Easing. The 'start up' in China was not cheap and I guarantee his creature comforts were and are plenty.
That is the huge folly and "Good Ole Boy's Club" of Bernanke. He kept padding the pockets of the wealthy because, "Well, we just aren't there yet, Ben." And of course, Gentle Ben wanted to create a more bearish economy that was stable and unshakable.
What Bernanke created instead was so much liquidity it INHERITED disaster along with it. Why? Because all the same old players are in place STILL and no one learned anything, except, how to capitalize on failure.
All the regulations have to go back in place, "Bank Fitness Tests" have to be chronic and Quantitative Easing has to stop, it is destroying the monetary systems of countries.
Paulson is a parasite, he needs to take his whining elsewhere. "It is for the record." Like hell, it is for the propaganda.
Sept. 12 (Bloomberg) -- Judd Gregg, CEO at Securities Industry & Financial Market Association, recalls his personal experience in meetings with former U.S. Treasury Secretary Hank Paulson about the TARP program and the public perception of the program. He speaks on Bloomberg Television's "Bloomberg Surveillance."
