into a commodity that they can then trade on and on commodity exchanges that were unregulated and graham leach while that did away with steel that regulated the banks and divided commercial banks checkbook banking from gambling banking is that a correct analysis you see those like the aussie on the very rotten kike because you already had an enormous level of debt before that and this was just basically removing barriers to accumulation of yet mode it so if you go back to i think about . launching ninety two ninety three you had a debt bubble and small collapse back then and by ninety four and already five i think it reached about one hundred seventy five percent of g.d.p. your private debt level that's the same with so that it could at the start of the great depression so you'd already reached that level and then it when you hit about two hundred percent of g.d.p. that's when you stop to see the financial sector pulling some losers during the dot com bubble you know the whole thing i'm going to give you a look at the daughter and see when to the bubble really begin then you're talking what fo

i like the one i'm most familiar with, which is the graham leach bliley act that created a whole newregime of privacy regulation, subject to the new bank and on the other financial services to this regime in the banking industry for the first time had been acted to sec's supervision for new security activities. that's something glass-steagall didn't even do. by the way, peter emphasizes theropod station houses for the third 1999 legislation enabled banks during the recession to play a major role in taking up and taking on the ceiling on banks to ensure some of the more function continue to operate in an uninterrupted fashion. i do believe and take issue with someone's paper on the stress test. peter correctly demonstrates the stress tests were very rigorous. in fact be assumed obama administration's recovery program would fail, that it would not only fail to make things far worse, which is curious given the entity that created those stress test is a treasury department given the task of promoting and carrying out the recovery program. it's not the writer of the test i questioned, but