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There's a September surprise

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  • 14-09-2008 11:27pm
    #1
    BenjAii
    Closed Accounts Posts: 545 ✭✭✭


    Check out what's happening in the news. Lehman Brothers has
    just gone bust and Merrill Lynch may be about to follow it.

    This is by far the most serious thing to happen in the current economic
    turmoil and has the potential for a "black monday" type meltdown.

    This may just become have become the number one issue in the 2008 presidential elections.


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    #2
    Permabear
    Closed Accounts Posts: 39,022 ✭✭✭✭Permabear


    This post has been deleted.


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    #3
    Hellm0
    Registered Users Posts: 1,028 ✭✭✭Hellm0


    donegalfella wrote: »
    This post has been deleted.

    I just did, thanks.

    Also, re-criminalize Usury!!


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    #4
    Martyr
    Closed Accounts Posts: 1,567 ✭✭✭Martyr


    donegalfella wrote:
    This post has been deleted.

    You make it sound as if Bill Clinton personally repealed the act.
    Was it not a vote by US Congress? including that of many republicans?
    And was 8 years not long enough to re-enact it if republicans objected?

    Phil Gramm just happened to be McCains Senior Economic Advisor up until july this year, wonder why he aint anymore..
    Well, maybe its because Americans are a bunch of whiners? i'm quoting Gramm
    "You've heard of mental depression; this is a mental recession," and "We have sort of become a nation of whiners, you just hear this constant whining, complaining about a loss of competitiveness, America in decline."

    The Gramm-Leach-Bliley Act is what repealed the Glass-Steagall Act, NOT Bill Clinton!


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    #5
    alastair
    Registered Users Posts: 19,309 ✭✭✭✭alastair


    Gramm-Leach-Bliley Act

    Guess what party they all belong to, and guess who controlled Congress at the time?

    Guess who voiced his concern about the same act - on a non-partisan basis - months ago?


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