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View Diary: UPDATED!! Urgent: House to Consider New Cramdown Legislation This Week (110 comments)

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  •  Well I'm sure it wouldn't be easy... (5+ / 0-)

    When you think about it, Glass-Steagall is about seperating money...but right now all that money is mixed, leveraged against each other, and co-dependent.

    Reinstating the rule that says they have to be seperate again would be disruptive.

    It's the RIGHT thing to do and SHOULD be done, but we can't simply be blind to the difficulties it would create.

    I don't know if that's what Rep. Frank meant, that might be giving him too much credit.  But it's what I mean.

    •  Ask AT&T about disruptive (3+ / 0-)
      Recommended by:
      route66, Nespolo, rmrice

      When AT&T was divested, competition and innovation sprang forth where there had only been AT&T.

      Had AT&T not been divested, we would probably not have this forum to discuss this.

      Difficulties ... hmmm like small businesses not being able to access credit?

      Disruptive is GOOD.  These wall street banks produce nothing, provide nothing, and only move paper around to make money.  They are like the insurance companies - no value add.

      I say regulate them until they bleed, and then crank it down even more, until they wither and die on the vine.  When they stop screaming, you are almost there.

      Poor little rich bankers, doing gods work and getting no credit except those 10 figure bonuses.

      "Conservatism is the blind and fear-filled worship of dead radicals" Mark Twain

      by CaptainAsshole on Tue Dec 08, 2009 at 08:52:23 AM PST

      [ Parent ]

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