It says in Wikipedia, that "The banking industry had been seeking the repeal of Glass-Steagall since at least the 1980s." But:
"The bill that ultimately repealed the Act was introduced in the Senate by Phil Gramm (Republican of Texas) and in the House of Representatives by Jim Leach (R-Iowa) in 1999......The legislation was signed into law by President Bill Clinton on November 12, 1999. [14] "
Communitarian President Bill Clinton - why am I not surprised? And the fiscal chaos we have here all evolves around Communitarians Gordon Brown and Tony Blair!
But UK MS newspapers all still call Gordon Brown "the BEST Chancellor we have ever had in Britain! And now he is a great Prime Minister! Huh?
"The bill that ultimately repealed the Act was introduced in the Senate by Phil Gramm (Republican of Texas) and in the House of Representatives by Jim Leach (R-Iowa) in 1999. The bills were passed by a Republican majority, basically following party lines by a 54-44 vote in the Senate[12] and by a bi-partisian 343-86 vote in the House of Representatives.[13"
Will the Clintons, Obama, Brown, Blair, Phil Gramm , Bill Leach and all those who voted for this repeal of the Glass-Steagall Act be punished, will their assetts be stripped from them to help the poor of America, and here in Britain? No. Why? Because we allow and accept -for some insane reason, that it is OK for governments and corporations to be a "CORPORATE PERSON" legally, so these individuals usually take no personal responsibility for terrible risks taken and terrible mistakes made. The corporate person is blamed, it's all his fault! (This is a person who has no brain, no body, no feelings and is not real. That makes sense!)
http://www.monitor.net/monitor/9606a/cor...erson.html
Here, Professor Steve Russell describes,
"Corporations, like governments, are immortal.."
Yes they are similar now aren't they?
And isn't it interesting that, as corporations have become more like governments, governments are behaving like more like corporations with MPs, Senators, their advisors and spin doctors taking no personal responsibility for their reckless actions?
The wealth that Communitarians like Major, Mandelson, Blair, Brown, the Clintons, the Bushes, and all those in the banking industry who have caused this situation, should be confiscated from them. They should make amends for their damaging decisions and actions in kind, and not be able to hide behind the corporate body while becoming rich beyond their wildest dreams.
I advise all to think about joining or starting a LETS - Local Exchange Trading Systems or Schemes, which are local community-based mutual aid networks in which people exchange all kinds of goods and services with one another, without the need for money.
http://www.letslinkuk.net
We can swap our vegetables, old furniture, shoes and baby clothes like serfs while "our masters" count the piles of silver and gold they've conned and bullied out of us!