Gramm–Leach–Bliley Act

This slideshow requires JavaScript.

I want to begin by saying that at one point in time, I was invested in Southwest Gas of Nevada. I was invested in them for almost 15 years and it took me that long and the epic fail of Wall Street, to finally read a quarterly report. I really didn't understand quarterly reports when I first invested. What a quarterly report was for, or what they meant. The contents of the last quarterly report, the one I read, is what prompted me to finally dissolve my investment in Southwest Gas and has also determined that I will never invest in anything again. At least not until the laws are repaired and there is oversight that is objective and reliable. The report I read consisted of apologies to the investors for having to supplement people who couldn't afford natural gas in order to stay alive, as well as apologizing for the "nice" weather in California, that prevented investors from making a profit. Read that paragraph again please. I can't see being upset for keeping someone alive or over "Acts of God". Let me further state that after having watched the movie "Inside Job", I was motivated to go on a mission. To find photographs of the majority of people, who are responsible for the meltdown of the American economy and thereafter, the world economy. The following is an excerpt from Wikipedia with a link included at the bottom of the post for further reading: The Gramm–Leach–Bliley Act (GLB), also known as the Financial Services Modernization Act of 1999 (Pub.L. 106-102, 113 Stat. 1338, enacted November 12, 1999) is an act of the 106th United States Congress (1999–2001). It was signed into law by President Bill Clinton and it repealed part of the Glass–Steagall Act of 1933, opening up the market among banking companies, securities companies and insurancecompanies. The Glass–Steagall Act prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. The Gramm–Leach–Bliley Act allowed commercial banks, investment banks, securities firms, and insurance companies to consolidate. For example, Citicorp (a commercial bank holding company) merged with Travelers Group (an insurance company) in 1998 to form the conglomerate Citigroup, a corporation combining banking, securities and insurance services under a house of brands that included Citibank, Smith Barney,Primerica, and Travelers. This combination, announced in 1998, would have violated the Glass–Steagall Act and the Bank Holding Company Act of 1956 by combining securities, insurance, and banking, if not for a temporary waiver process.[1] The law was passed to legalize these mergers on a permanent basis. GLB also repealed Glass–Steagall's conflict of interest prohibitions "against simultaneous service by any officer, director, or employee of a securities firm as an officer, director, or employee of any member bank."[2] Gramm-Leach-Bliley Act Let me also say that of the photos I could find that were not "Authorization Protected", I would like to see each and everyone of these people arrested and brought up on charges of being not only enemies of the state, but also enemies of the World public. I would like for all of their assets to be seized and liquidated, in order to repay everything that has been stolen from the World at large, under the guise of legitimacy. What was done to America and the world, is little more than conspiratorial fraud, graft and grandiose gambling for grandiose egos. As of this publication, I believe that the American Government is owned by the banking cartel, that stand to profit, off the backs of people who don't even know they exist, whether "We the People" succeed or fail. This is the point where I say that the banking cartel needs to fail and so does Wall Street, the sooner the better.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: