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Forum Post: Encore Broadcast: “How Big Banks Are Rewriting the Rules of Our Economy”

Posted 2 years ago on March 17, 2012, 7:38 p.m. EST by richardkentgates (3269) from Fort Walton Beach, FL
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http://billmoyers.com/series/moyers-and-company/

This weekend on an encore episode of Moyers & Company, Bill talks with former Citigroup Chairman John Reed and former Senator Byron Dorgan to explore a momentous instance: how the mid-90s merger of Citicorp and Travelers Group — and a friendly presidential pen — brought down the Glass-Steagall Act, a crucial firewall between banks and investment firms which had protected consumers from financial calamity since the aftermath of the Great Depression. In effect, says Moyers, they put the watchdog to sleep.

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4 Comments


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[-] 3 points by beautifulworld (21344) 2 years ago

Get money out of politics.

Reinstate Glass-Steagall.

[+] -4 points by DKAtoday (34898) from Coon Rapids, MN 2 years ago

Amen!

[-] 1 points by gestopomillyy (1695) 2 years ago

there are so many people on here that refuse to believe this. cognitive dissonance.

[-] 1 points by richardkentgates (3269) from Fort Walton Beach, FL 2 years ago

There aren't that many actual supporters on here any more. Even some of the "supporters" are fakes just trolling the other end of the spectrum. Most of the crap on here now is the work of two individuals with over 100 different user names. Continuing conversations through a variety of user names, answering their own questions, replying to their own posts, ect..