Franklin D Roosevelt established the 'Glass-Steagall Act' in 1933. Preventing banks from underwriting securities or selling insurance. Banks,
forever after, have been seeking a repeal......of Glass-steagall. On November 12, 1999, the repeal was handed to them on a silver platter. By both
US Partys. Under Bill Clinton.
"Regulations? We don't need no stinkin' regulations!" ~ Typical Bankster
And now look where we are. What's really sad is the refusal by our leaders to re-implement Glass-Steagall or at least come up with some sort of
similar alternative to protect the economy from a repeat.
But I'm sure the members of Congress were trying their damnedest to look out for the American people's interests. It's not like any of them were
receiving campaign contributions from institutions that would benefit from its repeal.
I had heard snippets of a future upcoming mega bailout by the Fed, which will break the last leg this country is hobbling on, but when I try to
search, I come up with not exactly quite what I'm looking for. anyone know about it?
Here's an interesting vid from RT. "The new normal for America"
This content community relies on user-generated content from our member contributors. The opinions of our members are not those of site ownership who maintains strict editorial agnosticism and simply provides a collaborative venue for free expression.