Author Topic: REVIEWED: The Wall Street Campaign to Stop Elizabeth Warren Officially Began on September 10, 2019  (Read 159 times)

plugger

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The Wall Street Campaign to Stop Elizabeth Warren Officially Began on September 10, 2019

This article took on an opinion piece in the Wall Street Journal written by By Phil Gramm and Mike Solon in which the authors predicted pretty much the end of western civilization if Elizabeth Warren is elected!  Eeeek.  The Wall Street on Parade article was spot-on in discrediting the authors' of the Wall Street article, a couple of quotes:

"Gramm is the former Republican Senator whose name appears on the Gramm-Leach-Bliley Act, the legislation that repealed the Glass-Steagall Act. It was that repeal that allowed Wall Street’s casino investment banks to merge with commercial banks holding Federally-insured deposits. And it was this dangerous combo that led to the epic crash on Wall Street in 2008 and the ensuing economic collapse in the U.S. – the greatest collapse since the Great Depression."

"Gramm’s wife is Wendy Lee Gramm, the former Chair of the Commodity Futures Trading Commission (CFTC) from 1988 to January 1993, who gave Wall Street exactly what it wanted in leaving its dangerous derivative contracts free from Federal regulation until the crash."

I would like to add I would value more the opinion of Jim Cramer, the Mad Money stock guru who seems quite unconcerned about either a Warren or Sander's presidency as far as I can tell.  I've listened to him for years and find him a fellow working hard to do an honest job.  Better him - someone who saw the 2008 crash coming - than someone who had a hand in the 2008 crash.

« Last Edit: November 03, 2019, 03:57:42 PM by plugger »
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