- My Forums
- Tiger Rant
- LSU Score Board
- LSU Recruiting
- SEC Rant
- SEC Score Board
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Yahoo writes article "It's Obama's Presidency, but Bush's World
Posted on 7/3/14 at 10:42 am to The Third Leg
Posted on 7/3/14 at 10:42 am to The Third Leg
quote:
Does that act also mandate robo-signing, rating manipulation, et al.?
No, repealing Glass-Steagall opened the door for that. Without that law in place, investment houses and lending institutions were allowed to merge into single entities. The same company that wrote the mortgage could also be the same company that was bundling them into securities, rating them, and selling them to investors.
1
Posted on 7/3/14 at 10:46 am to kingbob
quote:
repealing Glass-Steagall
The bill to repeal it was written by 2 Republicans, and had been championed by Republicans for nearly 10 years before finally getting the needed votes. The housing crisis was 100% a bipartisan effort. Pinning blame on one side more than the other is pointless.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News