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Absolutely...

Posted by Ward-CA- on April 04, 2008 at 0:24 AM

In Reply to: Re: BINGO! Give that person a cigar! posted by luke on April 03, 2008 at 6:39 AM

Luke,

Once the restraints of Glass-Steagall were removed it paved the way for lenders to take unfettered advantage of the gusher of money that then poured into the banking system from the financial markets.

------Ward

==========

: Interesting....Ward do you think the emasculation of the Glass-Steagall Act has had a greater effect than interest rates being held artificially low for too long?

:


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