Renewing "the Glass-Steagall" law

The repeal of the Glass-Steagall act was planned to create and to profit from the R.E. bubble/crash long term plan; and, I have read different views on the grand scheme. Anyone who does not see that it was the LT market scheme certainly is lacking insight and discernment. The repeal of the act has led to the millions of bankruptcies as well as wiping out millions of Americans' Home Equities leading to indebtedness. i.e. Economic Hit Man within US.

Dec. 15 (Bloomberg) -- The U.S. House is considering reinstituting the Depression-era Glass-Steagall Act, which barred bank holding companies from owning other financial companies, Majority Leader Steny Hoyer said today.

A renewal of the 1933 law “is certainly under discussion” by House members, Hoyer, a Maryland Democrat, told reporters in Washington. The Glass-Steagall law was repealed in 1999. http://www.bloomberg.com/apps/news?pid=20601087&sid=arMrSVjq4cts&pos=1

---

This is an old commentary, however, it provides some background information. Reading between the lines will help you to see hidden stories.

• http://www.foxbusiness.com/search-results/m/21788027/final-score-the-return-of-glass-steagall.htm

Of course, we are seeing market trading at upper range going into the FED confirmation and the announcement. The Fed Bernanke would park the markets before his confirmation, obviously. Markets were advancing for the last 10 months using Treasury and market hype and expecting further advancement from the current level is ridiculously and obviously manipulative based on pure pump as it has been during the last 10 months.

• Fewer Home Buyers Willing To Take Chance on Foreclosures

  US home buyers are less willing to buy foreclosed properties than they were six months ago, citing risks like hidden costs. But demand could grow because of the expanded tax credit, a survey showed. Homebuilder Outlook Declines

• Losing Job Devastates Lives Of Many Americans
• China is a Bubble Waiting to Burst: Jim Chanos