{"id":4046,"date":"2010-04-27T18:41:22","date_gmt":"2010-04-27T22:41:22","guid":{"rendered":"http:\/\/1boringoldman.com\/?p=4046"},"modified":"2010-04-27T18:57:11","modified_gmt":"2010-04-27T22:57:11","slug":"gold-mans-sacks","status":"publish","type":"post","link":"https:\/\/1boringoldman.com\/index.php\/2010\/04\/27\/gold-mans-sacks\/","title":{"rendered":"gold man’s sacks…"},"content":{"rendered":"\n

I think I might have a personal problem with aggression because every time I turn on the Goldman Sachs hearings, after only a brief time, I either turn them off, or go to another room. I’ve tried to refine what my problem is, but I can’t figure it out. It happens whether it’s a Senator, or one of the Executives is talking. Only one thing is clear. Whenever one of those Executive guys talks, I feel nauseated before I turn it off. With the Senators, I feel something different, like I might cry. Which is my way of saying that these people really need to go somewhere else, far away from Wall Street, and do something else – like maybe Dancing with the Stars<\/strong><\/em> or Lost<\/em><\/strong>.<\/p>\n

The part that’s hard is believing that Goldman Sachs<\/font><\/strong> calls itself a Bank<\/em>. The things these people are talking about bears no relationship to my understanding of what a Bank is, something gifted to us by the deregulation that dates from the arrival of the Cult of Ronald Reagan, though the deal was sealed by President Clinton’s signing of the last one on the list in the last month of his Presidency.<\/div>\n
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    Depository Institutions Deregulation and Monetary Control Act<\/strong><\/font><\/a> of 1980: This legislation expanded the Federal Reserve’s rules to all Banks, and raised the level of FDIC coverage from $40,000 to $100,000. But it also began the Derugulation of Banking Institutions and the erosion of the Glass-Stegall Act<\/strong>:<\/div>\n