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Forum Post: How Big Banks Are Rewriting the Rules of Our Economy

Posted 6 years ago on March 16, 2012, 6:40 p.m. EST by SparkyJP (1646) from Westminster, MD
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Bill Moyers 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.. Provides transparency as to how we got into this mess.




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[-] 3 points by shadz66 (19985) 6 years ago

Sp@rkyJP : Two articles that may speak to the subject of you post :

radix omnium malorum est cupiditas ...