Engdahl: President Obama has left intact a brain dead banking system that is out of control

Engdahl: President Obama has left intact a brain dead banking system that is out of control

therealnews.com[/ur l]

Speaking about President Obama's stimulus package and newly announced budget, William Engdahl says the fundamental causes of the economic crisis were missed. Until [President] Obama reinstates Glass-Steigel restraints on banking which were repealed by the Clinton administration in 1999 and begins to re-regulate the financial system, there will not be a flow of healthy credit into the healthy economy.

(visit the link for the full news article)



[edit on 5-3-2009 by Nifron][url=http://therealnews.com/t/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=3353&updaterx=2009-03-04+02%3A19%3A04]video< br />
[edit on 5-3-2009 by Nifron]

I haven't seen this on ATS yet, I did a search and came up with nothing. Thought I would pass the video along. There are some comments on the web page that deserve some reading there as well from others.

Another alarming event happening that i have just recently seen on the TV is an Ad by an American company advising common people to claim bankruptcy, it's a freaky commercial i will look for a link and post if i can find it.

[url=http://therealnews.com/t/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=3353&updaterx=2009-03-04+02%3A19%3A04]therealnews.com[/ur l]
(visit the link for the full news article)