Q:A lot of people point to the legislation that repealed the Glass-Steagal Act in the late 1990's - especially the bipartisan Gramm-Leach-Bliley Act (written by Republicans; signed by Democrat President Bill Clinton).But it seems like the big banks had a lot of power even before then.When and why did the American voters decide to give these big banks so much power over our political and economic systems?Because to me, this seems like a really dumb decision.Why were so many Americans so dumb for so long?

Without banks that can afford to make large loans on a regular basis, most of the larger things Americans like to buy (cars, homes) would be completely inaccessible to all of us. I don't necessarily like that large banks have so much power, but I am glad they exist. Because otherwise, who's going to have 5k cash to pay for their first car? Not many people.

Q:I know that when trying to improve power factor capacitor banks should be inserted, but not knowing what the best solution is wired in Series OR Parallell?? Also what the formula for Power Factor is and what power factor loosage is acceptable in the United Kingdom,beacause in places i have heard that 0.8ohms is the maximum is this true. Please bare with me as i am new to PF and also Yahoo Answers Thanks for your help and support in advance!!!

The capacitor needs to be wired in parallel. There are two main ways of configuring them and you need to see which works best for your installation. One is to install fixed capacitors to the main inductive loads (usually the large motors). The motor protection relays will need to be set lower. The other is to have capacitor banks with a controller and different stages that are switched in or out as necessary (as the power factor changes with load) You need to be careful not to ever have more capacitors connected than necessary (do not create a leading power factor) as this can lead to dangerous circulating currents. An equipment supplier will help you determine the best approach and select the correct sizes if they want your business not that the maths is that difficult but if you specify the capacitor sizes, then you take the responsibility. If you have the supplier specify and supply then you can put some responsibility on them. You don't say why you are trying to improve the pf. Most small users don't get penalties from the electricity supplier and the increased losses are usually small but worth comparing with cost of equipment and installing it with the rising power costs. You can use pf correction to increase capacity of an existing system if necessary.

Q:A bank creates money using the deposits in the bank and with a required reserve ratio, they can loan more money than their deposit base. I was wondering, which deposit base are we talking about? Is it just high-powered money/bank reserves/notes or does it also include savings transferred from other banks (eg: someone shifts from one bank to another, thus bringing all their money along to the new bank electronically only), and other form of M4 money supply types?

The deposit base does not include any money transferred from another bank. Only the deposits it has taken in at its facilities.

Q:Does the Federal Reserve have the same power that the Bank of the US had in the early 1800s (the bank that Andrew Jackson vetoed)?If not, what power did the Bank of the US have that the Federal Reserve does not have?

As far as I'm concerned, the bank in the early 1800's had an honest approach towards the people, whereas the Fed today has taken over the economy in an illicit way, deceiving americans and making them slaves to the system.

Q:I was wondering if it was safe to leave a power bank for a cell phone plug in all night .

Hi this is what most do soothe phone is charged for the next day.

Q:How should I proced to resolve those two problems without seeing a garage. I can diagnostic the car myself. What is Bank 1? and how should I resolve the 30 Low Voltage issue?Car : AUDI A4 1,8TQuattro 1998. AEBIf I can have a pointform for diagnostic that will be perfect. Thank you

it seems as if you may have a power supply problem to your ecu(low voltage term 30) check voltage at terminal 3 at ecu(1mm red wire) should be battery voltage bank 1 is your lambda probe, could be unmetered air in induction system

Q:I heard just today 7/11/08 that Indymac Bank closed, or crashed or something. Theoretically, if i owe a mortgage on a house through Indymac bank, because they went belly under i no longer owe them. Is this true? I heard that no one will want to buy the bank because they are in so much debt. Is that true? please post answers along with some evidence. So that i know its not an opinion.

WTF? There is no free lunch!! Your loan has already been pre-sold to a giant packager of loans who will sell them to Wall Street, (securitization) A servicer, payment collector, will contact you to let you know where to continue sending your payments to If I were you I would keep a very tight paper trail of monthly payments. Maybe even walking them down to the brick mortar branch itself, if they let you make payments that way

Q:a. claimed the power to review acts of Congressb. ruled that Congress could charter a national bankc. ruled that a state could tax the national bankd. ruled that slavery was fully legal

b. ruled that Congress could charter a national bank The Supreme Court, however, decided that the chartering of a bank was an implied power of the Constitution, under the “elastic clause,” which granted Congress the authority to “make all laws which shall be necessary and proper for carrying into execution” the work of the Federal Government.

Q:How How did President Andrew Jackson violate the seperation of Powers in his actions to destroy the Bank of the United States??? Please help detailed facts would be much appreciated

It was principally over the BUS, Bank of the United States, which he tried to drive out of business in his second term. The Senate censured him for the action, but the censure was expunged in the last few days of his second term. The principal attacks he launched against The monster as he called the BUS, were by vetoing the renewal of the bill to re-charter the bank and then by withdrawing US funds from the Bank and depositing them in the smaller State banks. I am attaching a link to a story concerning the impeachment crisis of 1999. It describes the Jackson censure in fairly easy to follow language. For additional information I'd try searches such as Jackson and BUS or Jackson and Bank for more information. Historian Robert Remini has written biographies of Jackson, Clay, Webster and Calhoun, and while I've only read Clay and Webster thus far, the detail with which he goes into the subject there (especially in the Clay book) indicate he'd have some good material in the Jackson book. I am also attaching an article about the Bank and the text of the Veto message of July 10, 1832

Q:Do they have the power to sell your land without your permission? Is that against the law?Thank you in advance.

That depends on how the POA is written, it can be very specific. But yes, a general POA allows them to act on your behalf, that's the whole point of the POA. You can write a POA so that they may only act if you cannot, or only for specific types of transactions, etc.