All Articles on Glass-Steagall

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The Pyramids Crumble
There was a time when Americans made things. People from Central Jersey still can view the massive slogan afixed to the Trenton bridge crossing the Delaware River on Business Route 1: "Trenton Makes The World Takes." Installed during the 1930s, the sign could be said to have been the motto of every...
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Congressional Backbone Needed
Congress needs to show some backbone before the federal government pours more money on the financial bonfire started by the arsonists on Wall Street. 1. Congress should hold a series of hearings and invite broad public comment on any proposed bailout. Congress is supposed to be a co-equal branch of...
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Socialism US-Style and Ronald Reagan
"Government is not the solution to our problem; government is the problem...It is my intention to curb the size and influence of the federal establishment." That statement, in Ronald Reagan's inaugural address on January 20, 1981, was the opening shot in what became known as the Reagan Revolution:...
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Hang Onto Your Wallet! The Government Is About to Rescue Us
When the financial markets started coming undone earlier this week, the Treasury Secretary and the Federal Reserve stepped in, and with $85 billion of our money (actually our children's money, since they borrowed it from China and Saudi Arabia), bought foundering AIG, the world's largest insurance...
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Only Real Fix Is Regulatory, Analysts Say
WASHINGTON - The blood flowing this week from Wall Street, spilling over into the homes of most citizens and the economies of other countries, raised urgent calls for stricter regulation of major players in the U.S. economy. Thursday's immediate worry was the health of the two remaining large-scale...
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Wall Street and Washington: How the Rules of the Game Have Changed
What is Washington to do as the financial system collapses? Clearly, stark differences in approach as well as in public policy have already emerged. Bail-out Bear Stearns and pump up the brokerage and investment business with new lines of credit. Nationalize Fannie Mae and Freddie Mac on the backs...
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Wall Street Socialists
The financial crisis gripping the U.S. has the largest banks and insurance companies begging for massive government bailouts. The banking, investment, finance and insurance industries, long the foes of taxation, now need money from working-class taxpayers to stay alive. Taxpayers should be in the...
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Wall Street Crisis Is Culmination of 28 Years of Deregulation
WASHINGTON - No one cog in the federal government's machine of financial regulation let down the country by failing to prevent the latest shakeout on Wall Street. The entire system did. "They just haven't done a particularly good job," said James Barth, a senior finance fellow at the Milken...
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A Taste of the Glass-Steagall Lash for Lehman
A reformed Wall Streeter on unreformed Washington.
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Why Fed Reform Won't Work
Yes, the financial regulation system needs overhaul, but the proposed plan is a Band-Aid for Wall Street's mortal wounds.
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