Q:A lot of people point to the legislation that repealed the Glass-Steagal Act in the late 1990's - especially the bipartisan Gramm-Leach-Bliley Act (written by Republicans; signed by Democrat President Bill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?

There were alot of major bank mergers in the early-mid 1990's. It was largely ignored by people at the time, but I remember doing quite a bit of research on a few of them during college. There was alot of talk of social power through the banks (incidental to what I was looking into at the time.I just remember the mergers described as good as to bringing that about). If one read between the lines then, with a more conservative or libertarian perspective.one could see some major problems coming. If one read it from a liberal or progressive perspective.one might think it quite wonderful as to a tool for change.

Q:I received a Judgment against me so I closed all my accounts to protect myself from a possible bank levy. However, I have heard that if I have someone else open an account for me and add myself as the power of attorney, they would be unable to levy my account. Does anyone if this is true?

sorry, when we receive the levy, we will look for any and all accounts you are a signer on. That will include your POA.

Q:if the transformer bank(wye delta) has a connected loads of (1 phase and 3 phase buildings ) how i can get the reserve capacity of transformer bank??the method i made is ,i get the KW rating of all electrical facilities(lights, acu, etc) and i assume a unity power factor,(kwKVA),,,and add all the KVA loads that connected to the transformer banks.formula: Reserve Capacity Transformer bank KVA rating – (apparent power of load) is this possible even the building has a 1phase and 3phase loads????

1. kva is NOT equal to kw. 2. transformers are rated in amps, per phase 3. If it is an existing building use a clamp ammeter to measure the load. Repeat this during the day. The highest load is usually around 11am in summer hot days. 4. if it is not an existing building, check the CURRENT draw of all appliances, fluorescent lights and so, and add up. Buildings have lousy power factors from fluorescent lighting and electronic equipment (computers and such) which would make kva twice as high as kw. . .

Q:I have a small battery bank used in my solar powered workshop anyway back to the question.I wanted to run some garden light from my power inverter about 200watts of lights what battery capacity would i need to run that for lets say 12hours

200 watts 120 volts x ? amps The current is 1.7 amps. ? amphours 1.7 x 120 The amphour capacity if the battery needs to be at least 200. That would only be true if the inverter was 100% efficient. They all produce heat and consume some energy. I'll speculate an 80% efficiency, requiring a 25% adjustment to 250 amphours. Unless you've an impressive array, you are likely asking too much of the solar panels.

Q:Does anyone know how solar works in plain English. .I bought 5 - 500 watt outdoor lamps for my yard that i would like to run off of solar power but im not finding an answer on how many or what type of solar panels to get or how many batteries and what kind. Anyone here know? Im not looking to spend a huge fortune to set this up any help is very apprciated.thanks,tony

You need to allow for the sun not to be shining all the time, so have enough battery backup to allow for this, depending on how much you will use the lamps. What voltage are the outdoor lamps? The best solution is to use car batteries and 12v bulbs, as these do not need an inverter (which do wear out). You can buy 12v CFL's quite easily. Then it's a matter of working out the load (wattage) of what you intend to run off the panels and buying about half as much again, to allow for the lack of sunlight, cloud cover etc.You'll also need a charge controller.

Q:I bought a power bank of 20000 mah. How much is it converted in Wh watts hour? I can't exceed 100 wh on my plane

Mah To Wh

Q:how is political power distributed in america.

Have you watched as Obama has protected the global banking interests and the multinational auto manufacturers and is now trying to wrestle the medical insurance from local hands to pass it off to international insurance companies. Political power in America is distributed to the global, no borders business interests that have no allegiance to the United States or it's Declaration of Independence or Constitution that supported Obama's run to the White House. Global governance and economic interests have been pulling the political strings in the United States for four decades or longer. President Eisenhower warned of this and other potential challenges to The Constitution and fate of the US in his farewell speech.

Q:i tried to make a purchase on OKorder through pay pal. i don't have any credit cards so i use my visa bank card for all transactions. the seller was in canada.my bank put some block recently on international purchases even on pay pal. i called today and asked about it. the lady was very rude and told me it is for my protection and i had no choice in the matter. she didn't have all day to argue with me and if i didn't like it i could close the account. then hung up on me. i offered to sign a statement agreeing not to hold the bank liable for any fraud or Identity theft on my account. i feel like it is discrimination against international trade. it is unethical. i called other local banks and most don't have any policy like this at all and the few that did said that because pay pal insurances transactions through them if it is through pay pal it shouldn't matter where the seller is.

If you don't like your bank policies, then switch banks. Banks are having a hard time economically and so they are taking measures to prevent any losses. It's not diescimination against international trade and it's not unethical; its just that bank's policy. If your other local banks don't have that policy, open an account with one of them. Just this week my neighbor was a victim of theft through pay pal. Someone hacked into her email account and from there got into her Paypal and OKorder . It turned out this hacker was from Nigeria. OKorder would not let my neighbor close her OKorder account as active bidding was going on-- bidding on a SAPPHIRE! Of course her paypal is related to a bank account. You think this can't happen to you; my neighbor never thought it would happen to her. Boy is she sorry now. It's a mess. So don't be mad at your bank. Just change banks if you don't want this additional security. You can also use a credit card and just pay it off each month, thus having no direct link to a bank account if it gets stolen.

Q:Do they want the West Bank to be part of Israel or the future Palestinian state? (If there will be one)

It's just another example of American appeasement. Our leaders think that if we pander to one Islamic group then they all will love us. I know that there are many Muslims that love America but there are radicals who we think we can convince to love us and not terrorize us because we are backing an Islamic cause.

Q:If I put $10K cash in a local bank, is that bank allowed to transfer that money to the Federal Reserve and use it as M0 or high powered money and thereby invoke the money multiplier to loan out a multiple of this original money?

Short answer: No (in terms of does your bank deposit add to M0) Longer answer: M0 (the monetary base) is only change when the Fed creates money out of thin air (usually) by buying T-Bill, or destroying money by (usually( selling T-Bills The deposit multiplier is in effect when your bank loans money from your deposit, which may be redeposited, then reloaned, and so forth. Money that your bank transfer to the federal reserve does not affect either M0 or M1 or M2