Trucker-40 --- In the first place, the Glass Steagal act never regulated speculation per se, the act regulated what types of financial institutions or business's could participate in the futures markets and other risky forms of investing. Secondly, the act was repealed in 1999. 1998 marked the lowest oil prices in the last 35 years plus they were the lowest oil prices in history when adjusted for inflation. From 1999 Oil prices averaged between $15.00 and $25.00 per barrel until mid 2003 when the price breifly hit $30.00 only to decrease back to $25 - $27.00 until the fall of 2004. Thats 5 1/2 years of documented low prices after the repeal of glass steagal. Crude prices shot drastically up from the fall of 2004, what party took control of congress in the fall of 2004? Fox news did not tell me any of this, this is all historical record.Google monthly crude oil price chart.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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