Comments on: They Call This Season ‘Fall’ for a Reason http://pubrecord.org/commentary/5566/season-fall-reason/?utm_source=rss&utm_medium=rss&utm_campaign=season-fall-reason Intrepid New Journalism Wed, 08 Feb 2012 13:20:11 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: dobropet http://pubrecord.org/commentary/5566/season-fall-reason/comment-page-1/#comment-1212 dobropet Wed, 30 Sep 2009 22:23:06 +0000 http://pubrecord.org/?p=5566#comment-1212 Actually, I disagree. I think that government should protect the people through fraud protection, not more regulation. As from what it sounds, the Glass-Stegall Act was passed during a time when government intrusion was the norm or became synonymous with Roosevelts first "New Deal" stirrings. Which ultimately led to fiery passages by H.L. Mencken such as this: "to lift the burden of debt by encouraging fools to incur more debt, and to husband the depleted capitol of the nation by outlawing what is left of it." :The passage could almost pass for today's occurances. Actually, I disagree. I think that government should protect the people through fraud protection, not more regulation. As from what it sounds, the Glass-Stegall Act was passed during a time when government intrusion was the norm or became synonymous with Roosevelts first “New Deal” stirrings. Which ultimately led to fiery passages by H.L. Mencken such as this:

“to lift the burden of debt by encouraging fools to incur more debt, and to husband the depleted capitol of the nation by outlawing what is left of it.”

:The passage could almost pass for today’s occurances.

]]> By: TomC http://pubrecord.org/commentary/5566/season-fall-reason/comment-page-1/#comment-1184 TomC Tue, 29 Sep 2009 15:58:34 +0000 http://pubrecord.org/?p=5566#comment-1184 Deregulation caused this. The Gramm-Leach-Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, repealed the part of the Glass-Stegall Act of 1933 that prohibited banks, investment banks, and insurance companies from acting as a combination of any of those three. GLBA has to be reversed back to Glass-Stegall. Stronger regulation is the answer. You can't fix the damage done by deregulation with more deregulation. Deregulation caused this.

The Gramm-Leach-Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, repealed the part of the Glass-Stegall Act of 1933 that prohibited banks, investment banks, and insurance companies from acting as a combination of any of those three. GLBA has to be reversed back to Glass-Stegall.

Stronger regulation is the answer. You can’t fix the damage done by deregulation with more deregulation.

]]> By: dobropet http://pubrecord.org/commentary/5566/season-fall-reason/comment-page-1/#comment-1162 dobropet Mon, 28 Sep 2009 19:22:35 +0000 http://pubrecord.org/?p=5566#comment-1162 Alas, something we may agree upon. "The chains of habit are normally too weak to be felt until they are too big to be broken." -unknown author Once the life line from the government has been removed and the suppose "freemarket" is allowed to fix itself the errors in financial planning through the systems of intervention by not only the government, but also the federal reserve, will allot for only the capitalistic businesses to succeed where corporatism has failed. http://mises.org/story/3658 I wonder how far David Walker has gotten with his warnings on America's debt and who has been listening to him? Alas, something we may agree upon.

“The chains of habit are normally too weak to be felt until they are too big to be broken.” -unknown author

Once the life line from the government has been removed and the suppose “freemarket” is allowed to fix itself the errors in financial planning through the systems of intervention by not only the government, but also the federal reserve, will allot for only the capitalistic businesses to succeed where corporatism has failed.

http://mises.org/story/3658

I wonder how far David Walker has gotten with his warnings on America’s debt and who has been listening to him?

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