November 12 1999, Democrats, Republicans, Treason, and Financial Meltdown.

Franklin D Roosevelt established the 'Glass-Steagall Act' in 1933. Preventing banks from underwriting securities or selling insurance. Banks, forever after, have been seeking a repeal......of Glass-steagall. On November 12, 1999, the repeal was handed to them on a silver platter. By both US Partys. Under Bill Clinton.



AT ABOUT 2:45 in this vid.



H.R.1489
H.R.1489
H.R.1489
H.R.1489
H.R.1489
H.R.1489
H.R.1489
H.R.1489
H.R.1489
H.R.1489
H.R.1489
H.R.1489..........................(etc etc etc etc....)

"Regulations? We don't need no stinkin' regulations!" ~ Typical Bankster

And now look where we are. What's really sad is the refusal by our leaders to re-implement Glass-Steagall or at least come up with some sort of similar alternative to protect the economy from a repeat.

But I'm sure the members of Congress were trying their damnedest to look out for the American people's interests. It's not like any of them were receiving campaign contributions from institutions that would benefit from its repeal.

I have a question,

I had heard snippets of a future upcoming mega bailout by the Fed, which will break the last leg this country is hobbling on, but when I try to search, I come up with not exactly quite what I'm looking for. anyone know about it?



Here's an interesting vid from RT. "The new normal for America"

I found this really interesting and informative website called, The Coming Depression

www.thecomingdepression.net...

reply to post by simone50m


simone50m,

Perhaps you are referring to the Student Loan Bubble?

Moody's Analytics Warns Student Loans May Be The Next Financial Bubble To Burst

I'm hearing "guesstimates" that this is going to be huge when it pops. When it does, the Government will have no option but to step in and bailout the lenders...again!

reply to post by Hessling


Gooooooooood help us........

Ben Bernanke's speech "could rattle markets"

finance.yahoo.com...

all eyes will be on Ben Bernanke, the central bank's chairman, when he speaks Friday at the Fed's annual symposium in Jackson Hole, Wyoming.

I do believe that the people have finally noticed the impact of all this.
I did not know anything about the Glass-Steagalls act until someone at an Occupy event educated me on it.

www.larouchepac.com...

www.counterpunch.org...