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View Diary: Tired of Wall Street Banks' Crimes: About an Alternative Banking System? (52 comments)

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  •  Just repeal this. (2+ / 0-)
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    Odysseus, Words In Action

    Make banks go back to when they made loans and had to keep them.  And weren't able to do investment banking.

    The Gramm–Leach–Bliley Act (GLB), also known as the Financial Services Modernization Act of 1999, (Pub.L. 106–102, 113 Stat. 1338, enacted November 12, 1999) is an act of the 106th United States Congress (1999–2001). It repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. With the passage of the Gramm–Leach–Bliley Act, commercial banks, investment banks, securities firms, and insurance companies were allowed to consolidate.

    Boehner Just Wants Wife To Listen, Not Come Up With Alternative Debt-Reduction Ideas

    by dov12348 on Fri Mar 15, 2013 at 12:59:59 AM PDT

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