TARP – my way. Reinstate Glass-Steagall.

Posted on February 15th, 2009 in AXP, American Express, Banking Collapse, Banking Collapse of 1933, Bernard Madoff, Bernie Madoff, FDIC, G-S, GLB, GLB Act, GS, Glass-Steagall, Goldman-Sachs, Gramm-Leach-Bliley, MS, Madoff, Morgan-Stanley, Reinstate Glass-Steagall, TARP, Uncategorized , , , , , , , , , , , , , , , , , ,

The Gramm-Leach-Bliley [GLB] act repealed Glass-Steagall [G-S] – which was the law of the land here in the USA from 1933 to 1999. G-S created the FDIC, and prohibited large private banks – whose primary business is the investment business – from receiving deposits from the public. My Rx for America involves a dose of bitter medicine, and no money for bankers….

Published by Bapcha Murty // 5 Comments »

The resurrection of the big three automakers [is it for real ?].

Posted on December 14th, 2008 in CA, California, California Electricity Rates, Chrysler, Electric Cars, Elon Musk, Ford, GM, General Motors, TARP, Tesla, Tesla Motors, bailout , , , , , , , , , , , ,

The US’s car companies – GM, Ford and Chrysler have been in trouble before. Notably Chrysler – back in the early 1980’s when they got a whopping $1.5 Billion dollar loan [Chrysler got the loan approved in 1979, and financed in early 1980] – and appointed Lee Iacocca as the Chairman/spokesman. Chrysler paid off the [...]

Published by Bapcha Murty // 2 Comments »

Home