I explained both of those comments but you choose to ignore it. Yet you can't explain how Democrats policies are the same as what brought Venezuela into a shitty economy.
First of all that's a lie. You tried to spout some weasel worded bullshit about how we were both wrong about the immigration numbers, when the reality was that you were the one with your head up your ass not me. As far as Glass-Stegal you never admitted that it had nothing to do with the housing meltdown. Your claim that it did was pure Hondo dumbfuckery.
On GS repeal, that's the common theory on this board from fucksticks like you and from Fox news. Clinton signed it so they want to blame him. That's why I brought it to. Fucktard. The reality is, it was one of the hundred reasons. It wasn't the main reason but didn't help either.
Name, names Kunt, who else besides you blames the repeal of Glass-Stegal for the housing meltdown? Btw, I love how you try to blame "fucksticks" like me for a position I don't hold and which I'm arguing the direct opposite of.
Btw, I suspect you're either fucking lying or a moron or both. To the extent anyone blames Clinton for the housing meltdown it's for the expansion for the of the Community Re-investment Act not the repeal of Glass-Stegal, but you're a fucking moron who is easily confused.
1) sledog and many others here point to that bill.
2) Clinton's expansion of the community reinvestment act. Care to point to that bill? Just provide a link to the bill you are referencing so I can educate myself.
Sledog blames the repeal of Glass-Stegal for the housing meltdown? I'm calling it right here. You're lying. I'll bet he denies it.
Answer question 2.
I didn't clam that Clinton's expansion had anything to do with any "bill" that was passed during his Presidency. He used Federal regulators to pressure banks to increase the number of CRA (subprime) loans they were making. The authority he used to do this was the existing CRA. He didn't need a new bill. None of this had anything to do with the repeal of Glass-Stegal.
Really? You sure about that? Are you ignorant or lying?
Legislative changes 1999 Edit In 1999 the Congress enacted and President Clinton signed into law the Gramm-Leach-Bliley Act, also known as the Financial Services Modernization Act. This law repealed the part of the Glass–Steagall Act that had prohibited a bank from offering a full range of investment, commercial banking, and insurance services since its enactment in 1933. A similar bill was introduced in 1998 by Senator Phil Gramm but it was unable to complete the legislative process into law. Resistance to enacting the 1998 bill, as well as the subsequent 1999 bill, centered around the legislation's language which would expand the types of banking institutions of the time into other areas of service but would not be subject to CRA compliance in order to do so. The Senator also demanded full disclosure of any financial "deals" which community groups had with banks, accusing such groups of "extortion".[51]
In the fall of 1999, Senators Dodd and Schumer prevented another impasse by securing a compromise between Sen. Gramm and the Clinton Administration by agreeing to amend the Federal Deposit Insurance Act (12 U.S.C. ch. 16) to allow banks to merge or expand into other types of financial institutions. The FDIC related provisions of the new Gramm-Leach-Bliley Act, along with the addition of sub-section § 2903(c) directly to Title 12, insured any bank holding institution wishing to be re-designated as a financial holding institution by the Board of Governors of the Federal Reserve System would also have to follow Community Reinvestment Act compliance guidelines before any merger or expansion could take effect.[52]
At the same time the G-L-B Act's changes to the Federal Deposit Insurance Act would now allow for bank expansions into new lines of business, non-affiliated groups entering into agreements with these bank or financial institutions would also have to be reported as outlined under the newly added section to Title 12, § 1831y (CRA Sunshine Requirements), to satisfy Gramm's concerns.[53][54]
In conjunction with the Gramm-Leach-Bliley Act changes, smaller banks would be reviewed less frequently for CRA compliance by the addition of §2908. (Small Bank Regulatory Relief) directly to Chapter 30, (the existing CRA laws), itself. The 1999 Act also mandated two studies to be conducted in connection with the "Community Reinvestment Act":[55]
the first report by the Federal Reserve, to be delivered to Congress by March 15, 2000, is a comprehensive study of CRA to focus on default and delinquency rates, and the profitability of loans made in connection with CRA;[56] the second report to be conducted by the Treasury Department over the next two years, is intended to determine the impact of the Act on the provision of services to low- and moderate-income neighborhoods and people, as intended by CRA.[57] On signing the Gramm-Leach-Bliley Act, President Clinton said that it, "establishes the principles that, as we expand the powers of banks, we will expand the reach of the [Community Reinvestment] Act".[58]
Hondo's one of those dipshit who thinks simply linking and or cut and pasting something is all you need to do in order to support your claims. Repealing Glass-Stegal allowed banks to get bigger and to expand the type of services they could offer. It had absolutely nothing to do with the housing meltdown. You're either a liar or moron Hondo.
I explained both of those comments but you choose to ignore it. Yet you can't explain how Democrats policies are the same as what brought Venezuela into a shitty economy.
First of all that's a lie. You tried to spout some weasel worded bullshit about how we were both wrong about the immigration numbers, when the reality was that you were the one with your head up your ass not me. As far as Glass-Stegal you never admitted that it had nothing to do with the housing meltdown. Your claim that it did was pure Hondo dumbfuckery.
On GS repeal, that's the common theory on this board from fucksticks like you and from Fox news. Clinton signed it so they want to blame him. That's why I brought it to. Fucktard. The reality is, it was one of the hundred reasons. It wasn't the main reason but didn't help either.
Name, names Kunt, who else besides you blames the repeal of Glass-Stegal for the housing meltdown? Btw, I love how you try to blame "fucksticks" like me for a position I don't hold and which I'm arguing the direct opposite of.
Btw, I suspect you're either fucking lying or a moron or both. To the extent anyone blames Clinton for the housing meltdown it's for the expansion for the of the Community Re-investment Act not the repeal of Glass-Stegal, but you're a fucking moron who is easily confused.
1) sledog and many others here point to that bill.
2) Clinton's expansion of the community reinvestment act. Care to point to that bill? Just provide a link to the bill you are referencing so I can educate myself.
Sledog blames the repeal of Glass-Stegal for the housing meltdown? I'm calling it right here. You're lying. I'll bet he denies it.
I explained both of those comments but you choose to ignore it. Yet you can't explain how Democrats policies are the same as what brought Venezuela into a shitty economy.
First of all that's a lie. You tried to spout some weasel worded bullshit about how we were both wrong about the immigration numbers, when the reality was that you were the one with your head up your ass not me. As far as Glass-Stegal you never admitted that it had nothing to do with the housing meltdown. Your claim that it did was pure Hondo dumbfuckery.
On GS repeal, that's the common theory on this board from fucksticks like you and from Fox news. Clinton signed it so they want to blame him. That's why I brought it to. Fucktard. The reality is, it was one of the hundred reasons. It wasn't the main reason but didn't help either.
Name, names Kunt, who else besides you blames the repeal of Glass-Stegal for the housing meltdown? Btw, I love how you try to blame "fucksticks" like me for a position I don't hold and which I'm arguing the direct opposite of.
Btw, I suspect you're either fucking lying or a moron or both. To the extent anyone blames Clinton for the housing meltdown it's for the expansion for the of the Community Re-investment Act not the repeal of Glass-Stegal, but you're a fucking moron who is easily confused.
1) sledog and many others here point to that bill.
2) Clinton's expansion of the community reinvestment act. Care to point to that bill? Just provide a link to the bill you are referencing so I can educate myself.
Sledog blames the repeal of Glass-Stegal for the housing meltdown? I'm calling it right here. You're lying. I'll bet he denies it.
Answer question 2.
I didn't clam that Clinton's expansion had anything to do with any "bill" that was passed during his Presidency. He used Federal regulators to pressure banks to increase the number of CRA (subprime) loans they were making. The authority he used to do this was the existing CRA. He didn't need a new bill. None of this had anything to do with the repeal of Glass-Stegal.
Really? You sure about that? Are you ignorant or lying?
Legislative changes 1999 Edit In 1999 the Congress enacted and President Clinton signed into law the Gramm-Leach-Bliley Act, also known as the Financial Services Modernization Act. This law repealed the part of the Glass–Steagall Act that had prohibited a bank from offering a full range of investment, commercial banking, and insurance services since its enactment in 1933. A similar bill was introduced in 1998 by Senator Phil Gramm but it was unable to complete the legislative process into law. Resistance to enacting the 1998 bill, as well as the subsequent 1999 bill, centered around the legislation's language which would expand the types of banking institutions of the time into other areas of service but would not be subject to CRA compliance in order to do so. The Senator also demanded full disclosure of any financial "deals" which community groups had with banks, accusing such groups of "extortion".[51]
In the fall of 1999, Senators Dodd and Schumer prevented another impasse by securing a compromise between Sen. Gramm and the Clinton Administration by agreeing to amend the Federal Deposit Insurance Act (12 U.S.C. ch. 16) to allow banks to merge or expand into other types of financial institutions. The FDIC related provisions of the new Gramm-Leach-Bliley Act, along with the addition of sub-section § 2903(c) directly to Title 12, insured any bank holding institution wishing to be re-designated as a financial holding institution by the Board of Governors of the Federal Reserve System would also have to follow Community Reinvestment Act compliance guidelines before any merger or expansion could take effect.[52]
At the same time the G-L-B Act's changes to the Federal Deposit Insurance Act would now allow for bank expansions into new lines of business, non-affiliated groups entering into agreements with these bank or financial institutions would also have to be reported as outlined under the newly added section to Title 12, § 1831y (CRA Sunshine Requirements), to satisfy Gramm's concerns.[53][54]
In conjunction with the Gramm-Leach-Bliley Act changes, smaller banks would be reviewed less frequently for CRA compliance by the addition of §2908. (Small Bank Regulatory Relief) directly to Chapter 30, (the existing CRA laws), itself. The 1999 Act also mandated two studies to be conducted in connection with the "Community Reinvestment Act":[55]
the first report by the Federal Reserve, to be delivered to Congress by March 15, 2000, is a comprehensive study of CRA to focus on default and delinquency rates, and the profitability of loans made in connection with CRA;[56] the second report to be conducted by the Treasury Department over the next two years, is intended to determine the impact of the Act on the provision of services to low- and moderate-income neighborhoods and people, as intended by CRA.[57] On signing the Gramm-Leach-Bliley Act, President Clinton said that it, "establishes the principles that, as we expand the powers of banks, we will expand the reach of the [Community Reinvestment] Act".[58]
Hondo's one of those dipshit who thinks simply linking and or cut and pasting something is all you need to do in order to support your claims. Repealing Glass-Stegal allowed banks to get bigger and to expand the type of services they could offer. It had absolutely nothing to do with the housing meltdown. You're either a liar or moron Hondo.
So ignorant it is. That bill that I referenced that you are whining about. Also is the expansion of the community reinvestment act.
I explained both of those comments but you choose to ignore it. Yet you can't explain how Democrats policies are the same as what brought Venezuela into a shitty economy.
First of all that's a lie. You tried to spout some weasel worded bullshit about how we were both wrong about the immigration numbers, when the reality was that you were the one with your head up your ass not me. As far as Glass-Stegal you never admitted that it had nothing to do with the housing meltdown. Your claim that it did was pure Hondo dumbfuckery.
On GS repeal, that's the common theory on this board from fucksticks like you and from Fox news. Clinton signed it so they want to blame him. That's why I brought it to. Fucktard. The reality is, it was one of the hundred reasons. It wasn't the main reason but didn't help either.
Name, names Kunt, who else besides you blames the repeal of Glass-Stegal for the housing meltdown? Btw, I love how you try to blame "fucksticks" like me for a position I don't hold and which I'm arguing the direct opposite of.
Btw, I suspect you're either fucking lying or a moron or both. To the extent anyone blames Clinton for the housing meltdown it's for the expansion for the of the Community Re-investment Act not the repeal of Glass-Stegal, but you're a fucking moron who is easily confused.
1) sledog and many others here point to that bill.
2) Clinton's expansion of the community reinvestment act. Care to point to that bill? Just provide a link to the bill you are referencing so I can educate myself.
Sledog blames the repeal of Glass-Stegal for the housing meltdown? I'm calling it right here. You're lying. I'll bet he denies it.
Answer question 2.
I didn't clam that Clinton's expansion had anything to do with any "bill" that was passed during his Presidency. He used Federal regulators to pressure banks to increase the number of CRA (subprime) loans they were making. The authority he used to do this was the existing CRA. He didn't need a new bill. None of this had anything to do with the repeal of Glass-Stegal.
Really? You sure about that? Are you ignorant or lying?
Legislative changes 1999 Edit In 1999 the Congress enacted and President Clinton signed into law the Gramm-Leach-Bliley Act, also known as the Financial Services Modernization Act. This law repealed the part of the Glass–Steagall Act that had prohibited a bank from offering a full range of investment, commercial banking, and insurance services since its enactment in 1933. A similar bill was introduced in 1998 by Senator Phil Gramm but it was unable to complete the legislative process into law. Resistance to enacting the 1998 bill, as well as the subsequent 1999 bill, centered around the legislation's language which would expand the types of banking institutions of the time into other areas of service but would not be subject to CRA compliance in order to do so. The Senator also demanded full disclosure of any financial "deals" which community groups had with banks, accusing such groups of "extortion".[51]
In the fall of 1999, Senators Dodd and Schumer prevented another impasse by securing a compromise between Sen. Gramm and the Clinton Administration by agreeing to amend the Federal Deposit Insurance Act (12 U.S.C. ch. 16) to allow banks to merge or expand into other types of financial institutions. The FDIC related provisions of the new Gramm-Leach-Bliley Act, along with the addition of sub-section § 2903(c) directly to Title 12, insured any bank holding institution wishing to be re-designated as a financial holding institution by the Board of Governors of the Federal Reserve System would also have to follow Community Reinvestment Act compliance guidelines before any merger or expansion could take effect.[52]
At the same time the G-L-B Act's changes to the Federal Deposit Insurance Act would now allow for bank expansions into new lines of business, non-affiliated groups entering into agreements with these bank or financial institutions would also have to be reported as outlined under the newly added section to Title 12, § 1831y (CRA Sunshine Requirements), to satisfy Gramm's concerns.[53][54]
In conjunction with the Gramm-Leach-Bliley Act changes, smaller banks would be reviewed less frequently for CRA compliance by the addition of §2908. (Small Bank Regulatory Relief) directly to Chapter 30, (the existing CRA laws), itself. The 1999 Act also mandated two studies to be conducted in connection with the "Community Reinvestment Act":[55]
the first report by the Federal Reserve, to be delivered to Congress by March 15, 2000, is a comprehensive study of CRA to focus on default and delinquency rates, and the profitability of loans made in connection with CRA;[56] the second report to be conducted by the Treasury Department over the next two years, is intended to determine the impact of the Act on the provision of services to low- and moderate-income neighborhoods and people, as intended by CRA.[57] On signing the Gramm-Leach-Bliley Act, President Clinton said that it, "establishes the principles that, as we expand the powers of banks, we will expand the reach of the [Community Reinvestment] Act".[58]
Hondo's one of those dipshit who thinks simply linking and or cut and pasting something is all you need to do in order to support your claims. Repealing Glass-Stegal allowed banks to get bigger and to expand the type of services they could offer. It had absolutely nothing to do with the housing meltdown. You're either a liar or moron Hondo.
So ignorant it is. That bill that I referenced that you are whining about. Also is the expansion of the community reinvestment act.
I'm whining about? What the fuck are you talking about Hondo? You're the dipshit who is claiming that the repeal of Glass-Stigal had something to do with the housing meltdown. The Clinton Admin had already been using the CRA to pressure banks into making more subprime loans long before the passage of the Gramm-Leach-Bliley Act in 1999.
GLB just made sure that any bank that now wanted to and take advantage of the repeal of Glass-Stegal and be re-designated as a "financial holding institution" would have to follow the already existing CRA provisions "before any merger or expansion could take effect."
Your head is so far up your ass here Hondo, your pushing pure lies and bullshit in order to cover for your original lies and bullshit.
Glass-Stegal had nothing to do with the housing meltdown.
I explained both of those comments but you choose to ignore it. Yet you can't explain how Democrats policies are the same as what brought Venezuela into a shitty economy.
First of all that's a lie. You tried to spout some weasel worded bullshit about how we were both wrong about the immigration numbers, when the reality was that you were the one with your head up your ass not me. As far as Glass-Stegal you never admitted that it had nothing to do with the housing meltdown. Your claim that it did was pure Hondo dumbfuckery.
On GS repeal, that's the common theory on this board from fucksticks like you and from Fox news. Clinton signed it so they want to blame him. That's why I brought it to. Fucktard. The reality is, it was one of the hundred reasons. It wasn't the main reason but didn't help either.
Name, names Kunt, who else besides you blames the repeal of Glass-Stegal for the housing meltdown? Btw, I love how you try to blame "fucksticks" like me for a position I don't hold and which I'm arguing the direct opposite of.
Btw, I suspect you're either fucking lying or a moron or both. To the extent anyone blames Clinton for the housing meltdown it's for the expansion for the of the Community Re-investment Act not the repeal of Glass-Stegal, but you're a fucking moron who is easily confused.
1) sledog and many others here point to that bill.
2) Clinton's expansion of the community reinvestment act. Care to point to that bill? Just provide a link to the bill you are referencing so I can educate myself.
Sledog blames the repeal of Glass-Stegal for the housing meltdown? I'm calling it right here. You're lying. I'll bet he denies it.
I explained both of those comments but you choose to ignore it. Yet you can't explain how Democrats policies are the same as what brought Venezuela into a shitty economy.
First of all that's a lie. You tried to spout some weasel worded bullshit about how we were both wrong about the immigration numbers, when the reality was that you were the one with your head up your ass not me. As far as Glass-Stegal you never admitted that it had nothing to do with the housing meltdown. Your claim that it did was pure Hondo dumbfuckery.
On GS repeal, that's the common theory on this board from fucksticks like you and from Fox news. Clinton signed it so they want to blame him. That's why I brought it to. Fucktard. The reality is, it was one of the hundred reasons. It wasn't the main reason but didn't help either.
Name, names Kunt, who else besides you blames the repeal of Glass-Stegal for the housing meltdown? Btw, I love how you try to blame "fucksticks" like me for a position I don't hold and which I'm arguing the direct opposite of.
Btw, I suspect you're either fucking lying or a moron or both. To the extent anyone blames Clinton for the housing meltdown it's for the expansion for the of the Community Re-investment Act not the repeal of Glass-Stegal, but you're a fucking moron who is easily confused.
1) sledog and many others here point to that bill.
2) Clinton's expansion of the community reinvestment act. Care to point to that bill? Just provide a link to the bill you are referencing so I can educate myself.
Sledog blames the repeal of Glass-Stegal for the housing meltdown? I'm calling it right here. You're lying. I'll bet he denies it.
Bullshit never mentioned Glass Stegal.
Right but you've reference Gramm leach bliley.
Nope. Mentioned you're a maroon. Take that to heart please it'll save you pain in real life.
Glass-Stegal had nothing to do with the housing meltdown.
That's a really dumb statement.
And if you want to Google it, it's "Glass-Steagall." It was a large contributing factor in the cause of the free-wheeling lending, and perhaps the worst of it's legacy was allowing banks to become "too big to fail."
Been there, done that, wrote commissioned reports on it, so you can all fuck off & stop hacking Wikipedia now.
Glass-Stegal had nothing to do with the housing meltdown.
That's a really dumb statement.
And if you want to Google it, it's "Glass-Steagall." It was a large contributing factor in the cause of the free-wheeling lending, and perhaps the worst of it's legacy was allowing banks to become "too big to fail."
Been there, done that, wrote commissioned reports on it, so you can all fuck off & stop hacking Wikipedia now.
Yeah, it was so "dumb" you weren't able to lay a glove on it.
The "free-wheeling lending" was caused by the knowledge that there was a ready market for whatever shit paper you generated when you made crap loans. The people making the loans didn't care if the people taking out the mortgages couldn't pay. They were being compensated on the number of mortgages they signed people up for, not by people making payments on their mortgages. Glass-Steagall didn't create the secondary mortgage market, and it didn't have anything to do with the rating agency fraud. It did allow banks to get much bigger, but it certainly had nothing to do with the mortgage meltdown.
Glass-Stegal had nothing to do with the housing meltdown.
That's a really dumb statement.
And if you want to Google it, it's "Glass-Steagall." It was a large contributing factor in the cause of the free-wheeling lending, and perhaps the worst of it's legacy was allowing banks to become "too big to fail."
Been there, done that, wrote commissioned reports on it, so you can all fuck off & stop hacking Wikipedia now.
Yeah, it was so "dumb" you weren't able to lay a glove on it.
The "free-wheeling lending" was caused by the knowledge that there was a ready market for whatever shit paper you generated when you made crap loans. The people making the loans didn't care if the people taking out the mortgages couldn't pay. They were being compensated on the number of mortgages they signed people up for, not by people making payments on their mortgages. Glass-Steagall didn't create the secondary mortgage market, and it didn't have anything to do with the rating agency fraud. It did allow banks to get much bigger, but it certainly had nothing to do with the mortgage meltdown.
Look, SoFuckingGayBoy, some of us have lives. You should really get one and quit wasting time and bits slap-boxing with Hondo the Retard. That's not winning. HTH
Glass-Stegal had nothing to do with the housing meltdown.
That's a really dumb statement.
And if you want to Google it, it's "Glass-Steagall." It was a large contributing factor in the cause of the free-wheeling lending, and perhaps the worst of it's legacy was allowing banks to become "too big to fail."
Been there, done that, wrote commissioned reports on it, so you can all fuck off & stop hacking Wikipedia now.
Yeah, it was so "dumb" you weren't able to lay a glove on it.
The "free-wheeling lending" was caused by the knowledge that there was a ready market for whatever shit paper you generated when you made crap loans. The people making the loans didn't care if the people taking out the mortgages couldn't pay. They were being compensated on the number of mortgages they signed people up for, not by people making payments on their mortgages. Glass-Steagall didn't create the secondary mortgage market, and it didn't have anything to do with the rating agency fraud. It did allow banks to get much bigger, but it certainly had nothing to do with the mortgage meltdown.
Look, SoFuckingGayBoy, some of us have lives. You should really get one and quit wasting time and bits slap-boxing with Hondo the Retard. That's not winning. HTH
And by the way, your Reader's Digest version of analysis is weak and common as fuck. If you're going to write something, write something that contributes to a discussion besides well known talking points and liquid shit analysis.
Great, enjoy you life having your head up your ass. Glass-Steagall had nothing to do with the mortgage meltdown despite your very strong feelings to the contrary.
Great, enjoy you life having your head up your ass. Glass-Steagall had nothing to do with the mortgage meltdown despite your very strong feelings to the contrary.
Right.. But the repeal was one of the things that allowed it to happen. And included the expansion to the community reinvestment act you were looking for but couldn't find.
Great, enjoy you life having your head up your ass. Glass-Steagall had nothing to do with the mortgage meltdown despite your very strong feelings to the contrary.
Right.. But the repeal was one of the things that allowed it to happen. And included the expansion to the community reinvestment act you were looking for but couldn't find.
Bzzzzt, wrong. Keep fucking that chicken Hondo. Tell us Hondo, if Glass-Stegall would have never been repealed, what aspect of the mortgage meltdown would have been prevented?
Great, enjoy you life having your head up your ass. Glass-Steagall had nothing to do with the mortgage meltdown despite your very strong feelings to the contrary.
Once again, that's just a plain on it's face dumb statement. GayBob, your answers are entirely political and one-sided to the point you're just boring and predictable. I've read everything you've written in Forbes, Barrons and the WSJ, and it's mostly disingenuous partisan drivel. You only tell one side of the story, because that's all you know.
Great, enjoy you life having your head up your ass. Glass-Steagall had nothing to do with the mortgage meltdown despite your very strong feelings to the contrary.
Once again, that's just a plain on it's face dumb statement. GayBob, your answers are entirely political and one-sided to the point you're just boring and predictable. I've read everything you've written in Forbes, Barrons and the WSJ, and it's mostly disingenuous partisan drivel. You only tell one side of the story, because that's all you know.
Yeah, it’s just “political” that GS had nothing to do the mortgage meltdown. Since Hondo is too big a dipshit to answer the question I put to him why don’t you take a stab at it.
If GS had never been repealed what aspect of the mortgage meltdown wouldn’t have happened?
Comments
GLB just made sure that any bank that now wanted to and take advantage of the repeal of Glass-Stegal and be re-designated as a "financial holding institution" would have to follow the already existing CRA provisions "before any merger or expansion could take effect."
Your head is so far up your ass here Hondo, your pushing pure lies and bullshit in order to cover for your original lies and bullshit.
Glass-Stegal had nothing to do with the housing meltdown.
And if you want to Google it, it's "Glass-Steagall." It was a large contributing factor in the cause of the free-wheeling lending, and perhaps the worst of it's legacy was allowing banks to become "too big to fail."
Been there, done that, wrote commissioned reports on it, so you can all fuck off & stop hacking Wikipedia now.
The "free-wheeling lending" was caused by the knowledge that there was a ready market for whatever shit paper you generated when you made crap loans. The people making the loans didn't care if the people taking out the mortgages couldn't pay. They were being compensated on the number of mortgages they signed people up for, not by people making payments on their mortgages. Glass-Steagall didn't create the secondary mortgage market, and it didn't have anything to do with the rating agency fraud. It did allow banks to get much bigger, but it certainly had nothing to do with the mortgage meltdown.
But firstly, get a fucking life.
If GS had never been repealed what aspect of the mortgage meltdown wouldn’t have happened?
https://npr.org/sections/thetwo-way/2015/10/14/448685233/fact-check-did-glass-steagall-cause-the-2008-financial-crisis