Friday, June 09, 2017

Glass-Steagall yet again

BRT has talked often about the disastrous repeal of the 1933 Glass-Steagall act separating investment banks from commercial banks to insure fiscal stability, legislation that served this country well until Phil Graham and Bob Rubin axed it in 1999 under the presidency of Bill Clinton in order to "improve" efficiency and lower costs of all financial transactions conducted in America. Needless to say, the end result is rather interesting to say the least.

Remember, it's all about the money.

It gets better.

Remember yet again, it's all about the money.

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