en-us https://www.intensedebate.com/users/414269 Comments by billmosh http://theglennbeck912project.com/2009/03/24/the-treasury-secretary-wants-more-power-to-seize-companies/#IDComment17592815 wake up Wed, 25 Mar 2009 21:43:35 +0000 http://theglennbeck912project.com/2009/03/24/the-treasury-secretary-wants-more-power-to-seize-companies/#IDComment17592815 http://theglennbeck912project.com/2009/03/25/card-check-bill-dealt-a-blow-by-senator-spector/#IDComment17562493 Thomas Jefferson once said: "I believe that banking institutions are more dangerous to our liberties than standing armies . . . If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." -- Thomas Jefferson -- The Debate Over The Recharter Of The Bank Bill, (1809) Wed, 25 Mar 2009 10:09:30 +0000 http://theglennbeck912project.com/2009/03/25/card-check-bill-dealt-a-blow-by-senator-spector/#IDComment17562493 http://theglennbeck912project.com/2009/03/24/the-treasury-secretary-wants-more-power-to-seize-companies/#IDComment17562461 The final word on the matter . Thomas Jefferson once said: "I believe that banking institutions are more dangerous to our liberties than standing armies . . . If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." -- Thomas Jefferson -- The Debate Over The Recharter Of The Bank Bill, (1809) Wed, 25 Mar 2009 10:08:32 +0000 http://theglennbeck912project.com/2009/03/24/the-treasury-secretary-wants-more-power-to-seize-companies/#IDComment17562461 http://theglennbeck912project.com/2009/03/24/uh-oh-%e2%80%93-china-says-they-may-be-done-with-the-us-dollar/#IDComment17562332 Do I need to say more? Circulate this peace of info?Thomas Jefferson once said: "I believe that banking institutions are more dangerous to our liberties than standing armies . . . If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." -- Thomas Jefferson -- The Debate Over The Recharter Of The Bank Bill, (1809) Wed, 25 Mar 2009 10:06:58 +0000 http://theglennbeck912project.com/2009/03/24/uh-oh-%e2%80%93-china-says-they-may-be-done-with-the-us-dollar/#IDComment17562332 http://theglennbeck912project.com/2009/03/24/the-treasury-secretary-wants-more-power-to-seize-companies/#IDComment17561655 Tell Glenn to start barking up this tree....howl more on this point....the big C ? started this mess Wed, 25 Mar 2009 10:03:33 +0000 http://theglennbeck912project.com/2009/03/24/the-treasury-secretary-wants-more-power-to-seize-companies/#IDComment17561655 http://theglennbeck912project.com/2009/03/24/the-treasury-secretary-wants-more-power-to-seize-companies/#IDComment17561338 The argument for preserving Glass-Steagall (as written in 1987): 1. Conflicts of interest characterize the granting of credit – lending – and the use of credit – investing – by the same entity, which led to abuses that originally produced the Act 2. Depository institutions possess enormous financial power, by virtue of their control of other people’s money; its extent must be limited to ensure soundness and competition in the market for funds, whether loans or investments. 3. Securities activities can be risky, leading to enormous losses. Such losses could threaten the integrity of deposits. In turn, the Government insures deposits and could be required to pay large sums if depository institutions were to collapse as the result of securities losses. 4. Depository institutions are supposed to be managed to limit risk. Their managers thus may not be conditioned to operate prudently in more speculative securities businesses. An example is the crash of real estate investment trusts sponsored by bank holding companies (in the 1970s and 1980s). Wed, 25 Mar 2009 10:02:03 +0000 http://theglennbeck912project.com/2009/03/24/the-treasury-secretary-wants-more-power-to-seize-companies/#IDComment17561338 http://theglennbeck912project.com/2009/03/24/the-treasury-secretary-wants-more-power-to-seize-companies/#IDComment17561331 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, veto-proof bill resolving the differences was passed in the Senate 90-8 (1 not voting) and in the House: 362-57 (15 not voting). The legislation was signed into law by President Bill Clinton on November 12, 1999. [14] The banking industry had been seeking the repeal of Glass-Steagall since at least the 1980s. In 1987 the Congressional Research Service prepared a report which explored the case for preserving Glass-Steagall and the case against preserving the act.[7] Wed, 25 Mar 2009 10:01:46 +0000 http://theglennbeck912project.com/2009/03/24/the-treasury-secretary-wants-more-power-to-seize-companies/#IDComment17561331 http://theglennbeck912project.com/2009/03/24/the-treasury-secretary-wants-more-power-to-seize-companies/#IDComment17561141 Here is the real issue peopl estop looking at the smoke screen.The Glass-Steagall Act of 1933 established the Federal Deposit Insurance Corporation (FDIC) in the United States and included banking reforms, some of which were designed to control speculation.[1] Some provisions such as Regulation Q, which allowed the Federal Reserve to regulate interest rates in savings accounts, were repealed by the Depository Institutions Deregulation and Monetary Control Act of 1980. Provisions that prohibit a bank holding company from owning other financial companies were repealed on November 12, 1999, by the Gramm-Leach-Bliley Act.[2][3] Wed, 25 Mar 2009 10:00:35 +0000 http://theglennbeck912project.com/2009/03/24/the-treasury-secretary-wants-more-power-to-seize-companies/#IDComment17561141 http://theglennbeck912project.com/2009/03/25/card-check-bill-dealt-a-blow-by-senator-spector/#IDComment17561084 1. Conflicts of interest characterize the granting of credit – lending – and the use of credit – investing – by the same entity, which led to abuses that originally produced the Act 2. Depository institutions possess enormous financial power, by virtue of their control of other people’s money; its extent must be limited to ensure soundness and competition in the market for funds, whether loans or investments. 3. Securities activities can be risky, leading to enormous losses. Such losses could threaten the integrity of deposits. In turn, the Government insures deposits and could be required to pay large sums if depository institutions were to collapse as the result of securities losses. 4. Depository institutions are supposed to be managed to limit risk. Their managers thus may not be conditioned to operate prudently in more speculative securities businesses. An example is the crash of real estate investment trusts sponsored by bank holding companies (in the 1970s and 1980s). Wed, 25 Mar 2009 09:57:56 +0000 http://theglennbeck912project.com/2009/03/25/card-check-bill-dealt-a-blow-by-senator-spector/#IDComment17561084 http://theglennbeck912project.com/2009/03/25/card-check-bill-dealt-a-blow-by-senator-spector/#IDComment17561079 The banking industry had been seeking the repeal of Glass-Steagall since at least the 1980s. In 1987 the Congressional Research Service prepared a report which explored the case for preserving Glass-Steagall and the case against preserving the act.[7] The argument for preserving Glass-Steagall (as written in 1987): Wed, 25 Mar 2009 09:57:45 +0000 http://theglennbeck912project.com/2009/03/25/card-check-bill-dealt-a-blow-by-senator-spector/#IDComment17561079 http://theglennbeck912project.com/2009/03/25/card-check-bill-dealt-a-blow-by-senator-spector/#IDComment17561072 See also Depository Institutions Deregulation and Monetary Control Act of 1980, the Garn-St. Germain Depository Institutions Act of 1982, and the Gramm-Leach-Bliley Act of 1999. 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, veto-proof bill resolving the differences was passed in the Senate 90-8 (1 not voting) and in the House: 362-57 (15 not voting). The legislation was signed into law by President Bill Clinton on November 12, 1999. [14] Wed, 25 Mar 2009 09:57:19 +0000 http://theglennbeck912project.com/2009/03/25/card-check-bill-dealt-a-blow-by-senator-spector/#IDComment17561072 http://theglennbeck912project.com/2009/03/25/card-check-bill-dealt-a-blow-by-senator-spector/#IDComment17561054 Here is the smoking firer that is the real cause of the issue. today...Started by the good looking Monica lover. The Glass-Steagall Act of 1933 established the Federal Deposit Insurance Corporation (FDIC) in the United States and included banking reforms, some of which were designed to control speculation. Some provisions such as Regulation Q, which allowed the Federal Reserve to regulate interest rates in savings accounts, were repealed by the Depository Institutions Deregulation and Monetary Control Act of 1980. Provisions that prohibit a bank holding company from owning other financial companies were repealed on November 12, 1999, by the Gramm-Leach-Bliley Act. addition info to follow Wed, 25 Mar 2009 09:56:33 +0000 http://theglennbeck912project.com/2009/03/25/card-check-bill-dealt-a-blow-by-senator-spector/#IDComment17561054