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Post by marjar on Feb 27, 2011 12:51:29 GMT -5
Gramm–Leach–Bliley Act?
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henryclay
Senior Member
Joined: Feb 5, 2011 19:03:37 GMT -5
Posts: 3,685
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Post by henryclay on Feb 27, 2011 13:48:48 GMT -5
I must be thicker than road tar. I still can't see what banking rules, , , or the absence of banking rules, , , has to do with a shopper's choice of what to buy or how to pay for it , , ,or even whether to pay for it at all.
What I do see in the banking regs was that when they opened banks up to "multi-banking" they opened the door to an avalanche of inexperienced traders, , , using their customer's dollars , , , to influence several markets. It turned out just like some predicted it would turn out. . . disastrous.
I was not aware that it also opened floodgates to shopping for consumer goods on more generous credit.
Did it do that?
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billisonboard
Community Leader
Joined: Dec 20, 2010 22:45:44 GMT -5
Posts: 37,446
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Post by billisonboard on Feb 27, 2011 15:11:36 GMT -5
And STILL we blame it all on companies and corporations. It's as though nobody ever looks in a mirror any more. But don't forget those who are blaming "the government" as well. how about the few of us who know it's both? Those who "know" it is both are as big a fools as those who blame one or the other.
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formerexpat
Senior Member
Joined: Dec 18, 2010 12:09:05 GMT -5
Posts: 4,079
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Post by formerexpat on Feb 27, 2011 21:16:32 GMT -5
Tougher for corporations to force their will on the average citizen than it is for the government. [/size]
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billisonboard
Community Leader
Joined: Dec 20, 2010 22:45:44 GMT -5
Posts: 37,446
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Post by billisonboard on Feb 27, 2011 21:52:16 GMT -5
Tougher for corporations to force their will on the average citizen than it is for the government. [/size][/quote] Yes, this comment was meant to include you also.
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zipity
Well-Known Member
Joined: Dec 21, 2010 0:32:17 GMT -5
Posts: 1,101
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Post by zipity on Feb 27, 2011 22:25:24 GMT -5
There are definitely other things that can be done to bring jobs back to the US. Labor cost is one element of the equation that makes foreign products price more attractively but there are also various laws on the books in the US which put us at a disadvantage. Minimum wage, child labor and environmental protection laws to name a few. The pubs recently have taken on child labor and environmental laws but putting our kids to work and/or polluting our air and water are the wrong way to go. Leveling the playing field either through agreements at the WTO level or if necessary using tariffs would be a better way to handle it. Assessing a tariff on a specific company which would not be able to produce their products if they were governed under our laws would help American companies to produce here at a more competitive price.
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