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We live in a time that people are more inclined to obey an unlawful executive order than they are to follow a court order 🤦🏾♀️.
Dictators are created due to cruelty, cowardice, & compliance! IF THEIR ASSES will ignore the Supreme Court, we can definitely IGNORE HIM!
I’m going to say something that shouldn’t be controversial but will be. If you are a Christian, you can support border control and immigration being legal vs illegal. You CANNOT celebrate deportations and get off on the cruelty, and be a real Christ follower. Period
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Of course advance information on US combat operations is classified. Pretending otherwise is an insult to our troops, who all know this.
The Secretary is unfit to lead.
So... Where is the call among Democrats (besides Tulsi Gabbard) to reinstate the Glass-Stegall "firewall" between commercial banking (mortgages and small business loans to keep our communities moving) and parasitic Wall Street speculation? It was an essential part of FDR Democrats' rehabilitation of our financial system, but we got rid of it under Clinton, the best "Republican" president we ever had (just kidding; I'm a fan of Lincoln and Eisenhower).
I can think of little redeeming about Tulsi Gabbard. Her position on reinstating a firewall does not offset horrible positions on many other issues. Other than that, you’re spot on.
Actually, reinstating Glass Steagall wouldn't address very much of the 21st century US economy at all. I agree that stronger, deeper and broader regulation of all aspects of all financial industries (banking, equity trading, insurance) needs to be in place, but Glass-Stegall is a solution for early-20th Century economic institutions that lost accountability. In the first 2/3 of the 20th century, retail bankers kept their loans and made profit by managing their margin - that is, the difference…
I love that there is such an amazingly wide pool of experience in the followers of LFAA. Interesting to read your comment, Steve, to be reminded that many of the 'vintage' regulations, whether still in force or not, have little to no applicability due to change over time, especially after we entered into the digital era. It makes me wonder what, if any, efforts take place to keep them relevant with the pace of change we live with now.
Natalie - Here's a good primer. https://www.investopedia.com/ask/answers/063015/what-are-major-laws-acts-regulating-financial-institutions-were-created-response-2008-financial.asp