I guess the moderators didn’t like my previous comment, so I’ll clean it up a little. The Banking Act of 1933 (aka the Glass Steagall Act) was good legislation and was in place for a reason. The Financial Modernization Act of 1999 (aka Gramm–Leach–Bliley Act) repealed the somewhat already eroded laws. Maybe Clinton’s personal issues clouded his judgement on this one.
I say we bring it back and prevent this from happening again. But, I’m sure this crowd is too conservative to agree with me…
Both of these companies are rotten to the core and because they were in bed with these shady deals, the American People got hosed. We will never see full restitution on all the money paid out by Turbo Tax Tim. By the way, what has happened to the money that was paid back?
I guess the moderators didn’t like my previous comment, so I’ll clean it up a little. The Banking Act of 1933 (aka the Glass Steagall Act) was good legislation and was in place for a reason. The Financial Modernization Act of 1999 (aka Gramm–Leach–Bliley Act) repealed the somewhat already eroded laws. Maybe Clinton’s personal issues clouded his judgement on this one.
I say we bring it back and prevent this from happening again. But, I’m sure this crowd is too conservative to agree with me…
Both of these companies are rotten to the core and because they were in bed with these shady deals, the American People got hosed. We will never see full restitution on all the money paid out by Turbo Tax Tim. By the way, what has happened to the money that was paid back?