America After ObaMa0
 

America After ObaMa0
 

America After ObaMa0
 

Telamon wrote:

Bush 43 in his second term allowed the Dem's in congress to create this
toxic debt crisis by allowing the repeal of the 70-year-old
Glass-Spiegel Act and he didn't rein in the Barney Frank on the banking
and finance committee, who loosened the lending rules that Fanny may and
Freddy Mac were required to go by. This was the genesis of the problems
we are facing today.
[KLAXON!!!] Wrong!

"The bill that ultimately repealed the Act was introduced in the Senate
by Phil Gramm (Republican of Texas) and in the House of Representatives
by Jim Leach (R-Iowa) in 1999. The bills were passed by Republican
majorities on party lines by a 54-44 vote in the Senate[12] and by a
343-86 vote in the House of Representatives[13]. After passing both the
Senate and House the bill was moved to a conference committee to work
out the differences between the Senate and House versions. The final
bipartisan bill resolving the differences was passed in the Senate 90-8
(1 not voting) and in the House: 362-57 (15 not voting). Having
majorities large enough to override any possible Presidential veto, the
legislation was signed into law by President Bill Clinton on November
12, 1999."

http://en.wikipedia.org/wiki/Glass-Steagall_Act

America After ObaMa0
 

Telamon wrote:


I'm still working and wondering just how much money I need to amass so I
can retire one day. It's not looking good.


Not in fricking Ventura. I'm thinking Reno...or Costa Rica.

America After ObaMa0
 

In article ,
dave wrote:

Telamon wrote:

Bush 43 in his second term allowed the Dem's in congress to create this
toxic debt crisis by allowing the repeal of the 70-year-old
Glass-Spiegel Act and he didn't rein in the Barney Frank on the banking
and finance committee, who loosened the lending rules that Fanny may and
Freddy Mac were required to go by. This was the genesis of the problems
we are facing today.
[KLAXON!!!] Wrong!

"The bill that ultimately repealed the Act was introduced in the Senate
by Phil Gramm (Republican of Texas) and in the House of Representatives
by Jim Leach (R-Iowa) in 1999. The bills were passed by Republican
majorities on party lines by a 54-44 vote in the Senate[12] and by a
343-86 vote in the House of Representatives[13]. After passing both the
Senate and House the bill was moved to a conference committee to work
out the differences between the Senate and House versions. The final
bipartisan bill resolving the differences was passed in the Senate 90-8
(1 not voting) and in the House: 362-57 (15 not voting). Having
majorities large enough to override any possible Presidential veto, the
legislation was signed into law by President Bill Clinton on November
12, 1999."

http://en.wikipedia.org/wiki/Glass-Steagall_Act

Yeah, you are right, it was just before he took office the first time. I
remember Bush complaining about it and then doing nothing about it
though. It's not like he didn't know it happened.

In any event it shows how both parties work toward destabilizing the
financial system these days.

--
Telamon
Ventura, California

America After ObaMa0
 

Telamon wrote:
In article ,
dave wrote:

Telamon wrote:

Bush 43 in his second term allowed the Dem's in congress to create this
toxic debt crisis by allowing the repeal of the 70-year-old
Glass-Spiegel Act and he didn't rein in the Barney Frank on the banking
and finance committee, who loosened the lending rules that Fanny may and
Freddy Mac were required to go by. This was the genesis of the problems
we are facing today.
[KLAXON!!!] Wrong!

"The bill that ultimately repealed the Act was introduced in the Senate
by Phil Gramm (Republican of Texas) and in the House of Representatives
by Jim Leach (R-Iowa) in 1999. The bills were passed by Republican
majorities on party lines by a 54-44 vote in the Senate[12] and by a
343-86 vote in the House of Representatives[13]. After passing both the
Senate and House the bill was moved to a conference committee to work
out the differences between the Senate and House versions. The final
bipartisan bill resolving the differences was passed in the Senate 90-8
(1 not voting) and in the House: 362-57 (15 not voting). Having
majorities large enough to override any possible Presidential veto, the
legislation was signed into law by President Bill Clinton on November
12, 1999."

http://en.wikipedia.org/wiki/Glass-Steagall_Act

Yeah, you are right, it was just before he took office the first time. I
remember Bush complaining about it and then doing nothing about it
though. It's not like he didn't know it happened.

In any event it shows how both parties work toward destabilizing the
financial system these days.


Me and Phil Gramm go back a long ways.

America After ObaMa0
 

In article ,
dave wrote:

Telamon wrote:
In article ,
dave wrote:

Telamon wrote:

Bush 43 in his second term allowed the Dem's in congress to create this
toxic debt crisis by allowing the repeal of the 70-year-old
Glass-Spiegel Act and he didn't rein in the Barney Frank on the banking
and finance committee, who loosened the lending rules that Fanny may and
Freddy Mac were required to go by. This was the genesis of the problems
we are facing today.
[KLAXON!!!] Wrong!

"The bill that ultimately repealed the Act was introduced in the Senate
by Phil Gramm (Republican of Texas) and in the House of Representatives
by Jim Leach (R-Iowa) in 1999. The bills were passed by Republican
majorities on party lines by a 54-44 vote in the Senate[12] and by a
343-86 vote in the House of Representatives[13]. After passing both the
Senate and House the bill was moved to a conference committee to work
out the differences between the Senate and House versions. The final
bipartisan bill resolving the differences was passed in the Senate 90-8
(1 not voting) and in the House: 362-57 (15 not voting). Having
majorities large enough to override any possible Presidential veto, the
legislation was signed into law by President Bill Clinton on November
12, 1999."

http://en.wikipedia.org/wiki/Glass-Steagall_Act

Yeah, you are right, it was just before he took office the first time. I
remember Bush complaining about it and then doing nothing about it
though. It's not like he didn't know it happened.

In any event it shows how both parties work toward destabilizing the
financial system these days.


Me and Phil Gramm go back a long ways.

You did say you were from Texas.

--
Telamon
Ventura, California

(OT) : America After ObaMa0 - PAX-Obama© The Death of a Once Great America !
 

wrote in message
...
On Mar 15, 4:17 pm, Telamon
wrote:
In article ,
"Reverend Billy Bob" wrote:

"~ RHF" wrote in message
Meanwhile the Obama-Regime© does nothing
to protect America's Sovereignty from the
encroachment by Russia into Cuba putting
Bombers and ?Missiles? within a few Miles
of the US Mainland.

And you know this how?

Have you read the news lately? The Russian's are also considering
Venezuela.


Billy Boobs doesn't know how to read.
============

Well I know Bush was buddy-buddy with Putin or was Georgie just playing you
like the asshole moron you are?

(OT) : Repeal of the Glass-Steagall Act Signed Into Law by BillClinton -was- America After ObaMa0
 

On Mar 15, 5:59*pm, dave wrote:
Telamon wrote:
Bush 43 in his second term allowed the Dem's in congress to create this
toxic debt crisis by allowing the repeal of the 70-year-old
Glass-Spiegel Act and he didn't rein in the Barney Frank on the banking
and finance committee, who loosened the lending rules that Fanny may and
Freddy Mac were required to go by. This was the genesis of the problems
we are facing today.

[KLAXON!!!] Wrong!

"The bill that ultimately repealed the Act was introduced in the Senate
by Phil Gramm (Republican of Texas) and in the House of Representatives
by Jim Leach (R-Iowa) in 1999. The bills were passed by Republican
majorities on party lines by a 54-44 vote in the Senate[12] and by a
343-86 vote in the House of Representatives[13]. After passing both the
Senate and House the bill was moved to a conference committee to work
out the differences between the Senate and House versions. The final
bipartisan bill resolving the differences was passed in the Senate 90-8
(1 not voting) and in the House: 362-57 (15 not voting). Having
majorities large enough to override any possible Presidential veto,

- the legislation was signed into law by
- President Bill Clinton on November 12, 1999."
-
- http://en.wikipedia.org/wiki/Glass-Steagall_Act

Fact : Signed-Into-Law -by- Bill Clinton [Democrat]
he could have Vetoed It -but-no- He signed it into Law.

(OT) : America After ObaMa0 - PAX-Obama© The Death of a Once Great America !
 

On Mar 15, 2:17*pm, Telamon
wrote:
In article ,
*"Reverend Billy Bob" wrote:

"~ RHF" wrote in message
....
- - - Meanwhile the Obama-Regime© does nothing
- - - to protect America's Sovereignty from the
- - - encroachment by Russia into Cuba putting
- - - Bombers and ?Missiles? within a few Miles
- - - of the US Mainland.

- - And you know this how?

- Have you read the news lately?
- The Russian's are also considering Venezuela.
-
- --
- Telamon
- Ventura, California

So are the Chinese Offering to Buy All the Venezuela
Oil that President for Life Hugo Chavez will sell them;
including every Barrel that presently is shipped to the USA.

It is only time until the pending Economic Collapse
of the US Treasury due to ObamaNomics© with the
Pull-Out of Foreign Capital.

Within a year maybe three at most the US Dollar
will be worth 5 to 10 Cents and the Chinese Yuan
will be on Parity {equal} with the Dollar : The Dollar
will be consider a 'soft' Currency and the Yuan the
new Hard Currancy of World Business.
-note- The Gold and Silver will show roughly an
Equal Gain as the Yuan against the US Dollar too.

The Price of Oil will be 'Quoted' in Yuan's not Dollars
and the Welcome and Open For Business Signs of
Every Nation of the World will be written in Chinese.

Even the USA will be force to Sell Oil to the Chinese
to get Hard Currency to be able to Buy on the World
Market.

The Price of Food in the USA will Skyrocket since
most of it will be being sold on the World Market for
Hard Cash to try and prop-up the Failed US Economy.

Many/ Most Americans will find themselves working
for Foreign Financed and Own Business; and Real
Wages will be 1/3rd to 1/4th of those before the
Age-of-Obama-R-Us©.

The EURO's value will be Bust as well as the EU itself.