He just can't help himself

[Twitchin Kitten]

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Reading the comments on the page #22 was very interesting.

"..........a fundamental tenet of Wall Street regulation: Customers’ money must be kept separate from company money". Isn't this ineresting. You can't Mix monies!! Oh My!!!

Why did congress give the Wall Street Bankers access to depositors money in 1999?? This is one of the reasons why there is a OWS movement.

The American depositor was protected by the Glass-Steagall Act of 1932. Monies (from commerical banks, inother words, deposits)couldn't MIX with Investment Banks monies. This law protected us until 1999. That year, the Glass–Steagall Act was repealed and the Gramm–Leach–Bliley Act in 1999 was put in its placed removing that protection. The speculating bankers can now use your money on deposit for investment purposes. In fact, 60 trillion dollars of derivative contracts were transfered from MLynch (investment arm of BofA) to its retail arm which has 1.2 Trillion in deposits. Oh! If there is a credit event on the 60 Trillion and the Bank collapses and this most likely will happen, the depositors are 2nd in line to collect their money. Wake up America!! Who said bankers are stupid.

Waiting for someone to blame GWB on this one. Wait - he wasn't even president yet.