2016 Postmortem
In reply to the discussion: (I'll regret this) starting around 1970, black wages started to rise and white wages started to fall [View all]uponit7771
(90,335 posts)... the regulations for how leveraged the trading houses (NOT JUST BIG BANKS) can be with derivatives relative to the amount of funds they had in force.
Hillary didn't vote for Glass Steagal and she wants to go further than just taking Steegal back...
Sanders CFMA vote (I could care less which one) was more part of the housing crash and the CURRENT crap that's happening in Europe than Hillary was.
His demagoguery is marketing and not the root of the problem IMHO... it was the investment houses (GS, BS et) that caused 80% of the problem after they saw they had no regulations while the "Big Banks" were standing on the sidelines collecting the cash and not sounding good alarms.
GS was not a bank holding company UNTIL it needed bailouts ... it was not WF and BOA who were at the root of the problem
Yes, drinking WHILE driving is stupid but its even MORE stupid to allow people to be drunk while driving