Not GOP
Well-Known Member
she is normally such a sweetheart. just give her a citation, and I'm sure @schuylaar will leave you alone. It works for me
How Bernie Sanders would transform the nation
- Thread starter TBoneJack
- Start date
Not GOP
Well-Known Member
ginwilly
Well-Known Member
I actually had the video within a minute to dispute the claim she made without a citation (I'm sure the irony was lost on her)
I gave Pad the info he wanted and he left the thread and refused to answer the question I asked.
Confirmation bias is strong with this crowd.
Not GOP
Well-Known Member
no worries. I believe the confusion can be cleared up relatively easy. Just watch me work it
ttystikk
Well-Known Member
Bernie would happily reinstate Glass-Steagall, and I'd fully support his efforts to do so.
Not GOP
Well-Known Member
that's nice. But Bernie is running for VP, not president. Watch him seal the deal with a handshake
ginwilly
Well-Known Member
Sure wish he had said that during the debate instead of fellating Hillary's cock on stage the way he did. Funny thing is, Hillary used it to her advantage by giving the answer that her plan was better than his.
Bernie says he's going to break up the banks which was absolutely the play BEFORE the bailout. Breaking up businesses now because they are too successful has an Atlas Shrugged theme about it. I know you guys don't want to make Ayn Rand right, that would be gross.
The_Herban_Legend
Well-Known Member
Bernie lost my support. I suppose I will vote for David Hasselhoff, for the second, consecutive time.
ginwilly
Well-Known Member
Absurd questions don't get answered..on world hunger..what if the moon were made of cheese..mr.sanders..should we drill, baby drill?
GW you're an Ayn Rand tampon.
Bernie and hilldawg have been friends for 25 years..back when she was self-identified repukelican.
Not GOP
Well-Known Member
25 years ago hillary was a Democrat. And so is her husband who was voted president in 1992. You need to keep going back further pumpkin. Much further
Padawanbater2
Well-Known Member
Apparently 6 citations and the direct quote "We need to break up these financial institutions" (which is exactly what GS is) from the man himself, isn't enough for some people to understand his position on it
Confirmation bias indeed
ginwilly
Well-Known Member
That's not what GS is or did.
If you were trying to do this honestly you would know it started with my criticism of his answer during the debate. You wanted the links and when I gave you the direct transcripts and asked what his answer was I got crickets from you. I read it again and still couldn't tell. I'm sure his answer would have been different had he not been standing next to Clinton. The links explain his position but his debate answer sure as hell didn't. That's what the entire conversation was about.
You guys take a critique of your favorite candidates like I called your mom a whore. Why do you guys get so emotionally invested in a politician? It makes you say really dumb stuff during their administration.
Glass-Steagall is NOT about breaking up too big to fail banks.
Padawanbater2
Well-Known Member
"The Glass-Steagall Act, also known as the Banking Act of 1933 (48 Stat. 162), was passed by Congress in 1933 and prohibits commercial banks from engaging in the investment business. It was enacted as an emergency response to the failure of nearly 5,000 banks during the Great Depression.
It was enacted as an emergency response to the failure of nearly 5,000 banks during the Great Depression. The act was originally part of President Franklin D. Roosevelt’s New Deal program and became a permanent measure in 1945. It gave tighter regulation of national banks to the Federal Reserve System; prohibited bank sales of securities; and created the Federal Deposit Insurance Corporation (FDIC), which insures bank deposits with a pool of money appropriated from banks."
http://topics.nytimes.com/top/reference/timestopics/subjects/g/glass_steagall_act_1933/index.html
"Check the record. In the 1990s -- and all due respect -- in the 1990s, when I had the Republican leadership and Wall Street spending billions of dollars in lobbying, when the Clinton administration, when Alan Greenspan said, "what a great idea it would be to allow these huge banks to merge," Bernie Sanders fought them, and helped lead the opposition to deregulation.
Today, it is my view that when you have the three largest banks in America -- are much bigger than they were when we bailed them out for being too big to fail, we have got to break them up."
Glass-Steagall prevented the merger of commercial and investment operations. Sanders is saying, right there in black and white, "we have got to break them [commercial and investment] up"
"The act forced a separation of commercial and investment banks by preventing commercial banks from underwriting securities, with the exception of U.S. Treasury and federal agency securities, and municipal and state general-obligation securities. Likewise, investment banks may not engage in the business of receiving deposits."
Your criticism is he didn't draw it out in crayon for you during the debate, and that somehow proves he's a lapdog for the Clinton campaign. < That proves you don't know what you're talking about, again. He's run his entire campaign since he announced by saying we need to focus on the actual issues and avoid the petty bullshit the media tries to stir up, exactly like what's going on at the circus in the GOP right now. Sorry that doesn't quell your urge for some Kardashian-esque political atmosphere you seem to want.
Now if you still can't seem to figure out Sanders' stance on financial institutions, I'm afraid I can't help you, but you probably shouldn't be making claims about his positions if you yourself don't even understand what they are.
ginwilly
Well-Known Member
This is gonna be good...
Explain how reinstating Glass-Steagall would break up the too big to fail banks (that are investment banks btw).
And lol at your butthurt. The direct question was asked, would you reinstate GS. The other 4 candidates were able to answer with a definitive, Sanders did not. This bothers you and you seem to have trouble coming to grips with it.
Try to answer this one honestly. What do you think people who watched and haven't worshipped at the Sander's altar yet came away with? Read what he said as someone who knows nothing about the man. Would he or wouldn't he? This is us back at square one.
Padawanbater2
Well-Known Member
Go ahead and actually read the post you quoted, reiterating it would simply be redundant
Maybe go read the Glass-Steagall bill too while you're at it
ginwilly
Well-Known Member
To use your words, you made the claim, back it up.
Explain how that breaks the commercial banks up. They can no longer take deposits... they didn't anyway.
I'm going to make a claim right now, you have no clue what you are talking about and have dug your heels in too deep now so you keep throwing things at the wall and seeing what sticks. I doubt you even understand why GS would have prevented the housing crisis we saw in 08', especially if you think it means the big banks will be broken up by it.
See if you can do it without name calling too, just for shits. Also, while you are at it, would you answer how you gleaned a yes or no from Sander's answer during the debate? You know... the original question.
Harrekin
Well-Known Member
It'd massively increase the interest rates consumers had to pay to acquire credit, the banks need to make a profit too and most of it currently comes from their investment arm.