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View Full Version : What to do about Banks



depittydawg
04-21-2010, 02:51 PM
I hope McCain can gain some attention with this.

McCain and Cantwell, a Washington Democrat, join other lawmakers in Congress proposing to reinstate the 1933 law, repealed a decade ago by the Gramm-Leach-Bliley Act that led to a rise in conglomerates including Citigroup Inc., JPMorgan Chase & Co. and Bank of America Corp. active in retail banking, insurance and proprietary trading. Legislation to reinstate the ban was introduced today in the House.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aQfRyxBZs5uc

Beverly Burns
04-21-2010, 02:56 PM
Hey Pal, Put it in the politics section!

menmon
04-22-2010, 04:15 PM
I hope McCain can gain some attention with this.

McCain and Cantwell, a Washington Democrat, join other lawmakers in Congress proposing to reinstate the 1933 law, repealed a decade ago by the Gramm-Leach-Bliley Act that led to a rise in conglomerates including Citigroup Inc., JPMorgan Chase & Co. and Bank of America Corp. active in retail banking, insurance and proprietary trading. Legislation to reinstate the ban was introduced today in the House.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aQfRyxBZs5uc

I can get behind that republican legistlation....I just think it is political jocking that will go nowhere...Hope I'm wrong.