Ann Smith Pellegrino with Christy Zint-Osborn and 8 others 21 mins · THE BANKERS (AGAIN) ARE PARTYING LIKE ITS 1999:!!! As most of y ou have followed te Financial Industry News an even those who have followed my FB postings know -- In November 1999 Gramm, Leach and Bliley (all Republicans) sponsored the Financial Services Modernization Act of 1999 (GLBA Act).. ALL (but 7) of the Professional Politicians (BOTH parties) signed-on and voted for the bill which allowed the Financial Industry to engage in risky business which le d to the Great Recession -- despite the WARNINGS of then U.S. Sen. Byron Dorgan (Dem - ND) !!! President Clinton gleefully signed the GLBA Act and ceremoniously presented the Presidential Pens used to sign into thelaw the once act that would devastate the American economy and THE AMERICAN PEOPLE. NOW HERE WE ARE, this December 2014, and the Banksters got their way, yet again, when nearly all of the Professional Poiticians (BOTH parties) signed-on and voted for the $1.1 Trillion Spending Bill -- the bill that kept-in a regulation roll-back of a Dodd-Frank reg which had been an to rein-in the risky business of Derivitives trading and Government insured Bailouts. So, here we are again,WHEN!) the risky Wall Street gambling implodes, once again, THE AMERICAN PEOPLE ARE ON THE HOOK! And this time the bill passed, despite the WARNINGS of Sen. Elizabeth Warren (Dem. Mass.). And once again an American Democratic President (this time Obama) gleefully signed the bill into law and passed out the Presidential Pens to the players! THE POINT: THE BANKSTERS AND THE PROFESSIONAL POSITICIANS ONCE AGAIN GET TO LIVE THE FINANCIAL INDUSTRY GLORY DAYS OF THE GRAMM LEACH BLILEY ACT OF 1999 --- ONCE AGAIN THEY GET TO PARTY LIKE ITS 1999!! (GREED, AVARICE, DECADENCE -- ALL AT THE COST OF THE AMERICAN PEOPLE): vimeo/100003364
Posted on: Wed, 31 Dec 2014 23:39:39 +0000