Posted 5 years ago on July 25, 2012, 2:38 p.m. EST by FreedomReigns
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All Of The Sudden, Congressmen Were Talking About Reinstating Glass-Steagall On The Hill Today???
Posted by Jean on July 25, 2012
I guess the prospect of possible jail time is getting them interested in doing what’s right? ~J
Source: Business Insider Linette Lopez
“This morning, former Citigroup CEO Sandy Weill said that Wall Street banks needed to be split up so that retail banking was separate from investment banking.
And in this world of instant communication, his words were news the instant he spoke them.
That means that hours later, Congressmen on The Hill questioning Tim Geithner had a new song to sing — ‘let’s take a look at Glass-Steagall’, a law repealed during the Clinton Administration that separated investment banking from retail banking.
The crazy thing is, this song was coming from both sides of the aisle…”