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burythehatchet Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-25-09 03:30 PM
Original message
Who said it?





This bill will also, in my judgment, raise the likelihood of future massive taxpayer bailouts. It will fuel the consolidation and mergers in the banking and financial services industry at the expense of customers, farm businesses, family farmers, and others, and in some instances I think it inappropriately limits the ability of the banking and thrift institution regulators from monitoring activities between such institutions and their insurance or securities affiliates and subsidiaries raising significant safety and soundness consumer protection concerns.




and when did he say it?

http://ermstrategies.wordpress.com/2008/12/10/never-saw-that-coming/
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waiting for hope Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-25-09 03:32 PM
Response to Original message
1. Wow - 1999
this was pretty dead on too:

"What does this bill do? It would permit common ownership of banks, insurance, and securities companies, and to a significant degree commercial firms as well. It will permit bank holding companies, affiliates, and bank subsidiaries to engage in a smorgasbord of expanded financial activities, including insurance and securities underwriting, and merchant banking all under the same roof."
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burythehatchet Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-25-09 03:37 PM
Response to Reply #1
2. this is the basis of the whole "what role did Clinton have" question
When your party is giving you such a clear warning.
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