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To: oblomov

They will just extend it again when the time comes. This rule does not do squat anyways. It is just a distraction from what should be done. To put back in place Glass-Steagall. If they had not repealed it then the entire 2007 crash could not have happened.


5 posted on 12/10/2013 11:45:13 AM PST by Revel
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To: Revel

>>If they had not repealed it then the entire 2007 crash could not have happened.

Disagree. You think more regulation will solve our problems? What gives the government the legitimacy to regulate the financial industry anyway? Because five bureaucrats voted that they could?

Why not simply end all mortgage subsidies, and all implicit guarantees behind Fannie/Freddie and the rest of the financial system? The 2008 financial non-crisis was predicated by the expectation that the FedGov would not allow the bankruptcy of Lehman. The market was almost right...


8 posted on 12/10/2013 12:12:46 PM PST by oblomov
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To: Revel

There is scant evidence that Glass-Steagal would have made a difference.


11 posted on 12/10/2013 12:21:31 PM PST by 1010RD (First, Do No Harm)
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To: Revel

The 2007 crash was caused by Congress ORDERING banks to end financially discriminating against clients who the banks and anyone with sense knew could not pay back loans.


25 posted on 12/10/2013 3:56:31 PM PST by arderkrag (An Unreconstructed Georgian, STANDING WITH RAND.)
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