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In reply to the discussion: Seems like I have some fences to mend [sorry, long!] [View all]ProSense
(116,464 posts)7. Glass-Steagall for the 21st Century -- email from Elizabeth Warren
Glass-Steagall for the 21st Century -- email from Elizabeth Warren
We all remember the darkest days of the financial crisis five years ago.
Credit dried up. The stock market cratered. Millions of people lost their jobs. Billions of dollars in retirement savings disappeared.
There were legitimate fears that the dominos of our financial system would never stop falling, and we were heading into another Great Depression.
On many of these fronts, we've made real progress. The Dodd-Frank Act was the strongest financial reform law in three generations. If I had been in the Senate three years ago, I would have voted for it proudly.
Dodd-Frank put in place the new Consumer Financial Protection Bureau, which has made serious strides toward leveling the playing field for families and increasing transparency in the marketplace. Thanks to the CFPB, I don't think there will ever again be so many lousy mortgages to threaten our families and our economy.
- more -
We all remember the darkest days of the financial crisis five years ago.
Credit dried up. The stock market cratered. Millions of people lost their jobs. Billions of dollars in retirement savings disappeared.
There were legitimate fears that the dominos of our financial system would never stop falling, and we were heading into another Great Depression.
On many of these fronts, we've made real progress. The Dodd-Frank Act was the strongest financial reform law in three generations. If I had been in the Senate three years ago, I would have voted for it proudly.
Dodd-Frank put in place the new Consumer Financial Protection Bureau, which has made serious strides toward leveling the playing field for families and increasing transparency in the marketplace. Thanks to the CFPB, I don't think there will ever again be so many lousy mortgages to threaten our families and our economy.
- more -
http://www.democraticunderground.com/10023716332
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You've changed on issues. I don't tear anyone down, I do criticize policies and
sabrina 1
Sep 2013
#51
I've been told I have ODS, that I'm just mad because I didn't get my pony
magical thyme
Sep 2013
#137
years ago I told my avian vet that I must be lucky because all my birds are sweet
magical thyme
Sep 2013
#141
However well intentioned Dodd-Frank may have been, it has not achieved it's goals.
bluesbassman
Sep 2013
#105
Manny, whether we agree on a given topic or not, you always make me laugh, and ...
11 Bravo
Sep 2013
#12
It takes a big man to admit when he's wrong. And you forgot: now we all have microwaves
Squinch
Sep 2013
#14
I want a picture of Many with a dog, or ... oohh better yet... a random strangers child!
Dragonfli
Sep 2013
#71
Yes, that is quite true, some have the blues however and "must put you down for a while" I guess
Dragonfli
Sep 2013
#148
Many of us aren't looking for shtick here. Why not cut out the sarcasm/satire and just write.
brush
Sep 2013
#103
Everybody has different styles on coping, humor is an extremely effective methodology...
Ellipsis
Sep 2013
#106