16
Jul 15
Robert Reich

HuffPo Reich

 

Huffington Post has an item from former Bill Clinton guy, Robert Reich - titled "Hillary Clinton's Glass-Steagall".

In that online article item, we have the following notes by Mr. Reich, on Senator Elizabeth Warren (who - amazingly - is joined by Senator McCain) on the sponsoring of a new, more contemporary, Glass-Steagall Act (that originally arose after the Great Depression stock crash of 1929).

To wit - Robert Reich notes;

Hillary Clinton won't propose reinstating a bank break-up law known as the Glass-Steagall Act -- at least according to Alan Blinder, an economist who has been advising Clinton's campaign. "You're not going to see Glass-Steagall," Blinder said after her economic speech Monday in which she failed to mention it. Blinder said he had spoken to Clinton directly about Glass-Steagall.

This is a big mistake.

It's a mistake politically because people who believe Hillary Clinton is still too close to Wall Street will not be reassured by her position on Glass-Steagall. Many will recall that her husband led the way to repealing Glass Steagall in 1999 at the request of the big Wall Street banks.

It's a big mistake economically because the repeal of Glass-Steagall led directly to the 2008 Wall Street crash, and without it we're in danger of another one.

 

We almost had another great depression (collapse of the cash system via banks) due to the financial crisis of corrupting the world's number 1 secured commodity - Real Estate loans.

How we get there, is former President Bill Clinton made a deal with Senators to gut Glass Steagall - in 1999. Then President George W Bush's Administration made sure the Department of Justice was a ghost, on the issues of things going haywire, during GWB's era.

President Bush created the mess - and left it as a welcome mat to POTUS Barack Obama.

Robert Reich contends (correctly) that it is a big mistake for Hillary Clinton to side step the Glass Steagall ACT issues. Though, yours truly would argue, for different reasons than those Mr. Reich contends.

It was Hillary's husband, the President Bill Clinton, who made sure Glass Steagall was repealed; and moi would suggest that HRC plan's to be made POTUS with the help of Wall Street and big banks. Hence, as with all things Hillary, flipping and flopping on issues in nearly the same manner as Governor Romney, Hillary should have come out and said that she "was" going to look into Glass Steagall.

With a wink - wink to Wall Street and backroom remarks that "Don't worry good ole boys - I've got you back".

America needs Warren into the race for POTUS - or we might still get the Great Depression part 2.

16 Responses for "HuffPo: Robert Reich, Warren Yes/Clinton No - on Glass Steagall"

  1. Google says:

    The time to study or pay a visit to the subject material or web sites we've linked to below.

  2. This is the kinda post I was searching for. Sometimes I can't find what I'm looking for from Bing but it seems this time it worked for me! Thanks for your help.

  3. I must thank you for the efforts you have put in penning this site. I am hoping to check out the same high-grade content by you later on as well. In truth, your creative writing abilities has inspired me to get my own, personal blog now 😉

  4. At times like this it boils down to finding the information required, which as I'm sure you know can take some time. This post helped me figure out what I needed.

  5. peter taulli says:

    I must thank you for the efforts you have put in penning this site. I am hoping to check out the same high-grade content by you later on as well. In truth, your creative writing abilities has inspired me to get my own, personal blog now 😉

  6. I like this web blog very much, Its a rattling nice office to read and receive information. Practice, the master of all things. by Augustus Octavius.

  7. Personally we believe in building long-term relationships and making certain that our clients succeed in all their goals because their success is our success. What do you think about that?

  8. Personally we believe in building long-term relationships and making certain that our clients succeed in all their goals because their success is our success. What do you think about that?

  9. We research, develop and provide unique repair solutions for your computer problems. We will always diagnose your machine with no strings attached.

  10. At times like this it boils down to finding the information required, which as I'm sure you know can take some time. This post helped me figure out what I needed.

  11. thomas kish says:

    I precisely desired to appreciate you again. I am not sure the things that I wouldve made to happen in the absence of the type of ideas documented by you over such a field. It truly was a real scary condition for me, but coming across a professional fashion you processed it made me to leap for contentment. I am just happier for the support and then wish you really know what a powerful job you happen to be undertaking instructing the others by way of your websites. Probably you havent got to know any of us.

  12. A chinese man was said to live around 250 years with the help of herbs. Is this even true? Could this be possible.

  13. We are a successful software design and development company specializing in creating e-commerce Websites, iPhone, Android, and windows 8 applications, facebook applications, Internet marketing (SEO/SEM/SMO and PPC campaigns)

  14. peter anjos says:

    Ive been exploring for a little bit for any high-quality articles or weblog posts in this kind of area . Exploring in Yahoo I finally stumbled upon this site. Studying this info So i am happy to express that Ive a very excellent uncanny feeling I found out exactly what I needed. I such a lot no doubt will make certain to do not disregard this site and provides it a glance on a relentless basis.

  15. This is pretty much the exact information I was looking for! I really appreciate it. I did a quick Google search and came across this page, which was obviously helpful.

  16. I'm very thankful for this post, if it wasn't for this post I'd probably still be looking on Google for what I was looking for. Much appreciation!