glass steagall

[Tom Lehman]

Here's a question I have to ask, what did organized labor gain out of the
demise of Glass Stegal?  Any leverage?  Any logs rolled in our favor?  A
couple of dog catcher jobs for somebodies relatives?  Anything!?

Tom Lehman

Max Sawicky wrote:


> Max Sawicky wrote:
>
> >  The S&L bailout was a foretaste of
> >what we could be in for after Glass-Steagall.
>
> Because the S&Ls were allowed, unsupervised, to do business in areas
> about which they knew nothing. I said it's how they're regulated that
> matters.
> Doug
> >>>>>>>>>>
>
> In principle we could allow crazy people access
> to bazookas.  With proper regulation there would
> be no ill effects.
>
> One way to regulate is to simply deny banks the
> power to go into certain areas.  This is much
> simpler than trying to micro-regulate, so to
> speak.
>
> mbs