In this week's news, former Fed Chair Paul Vocker comes out in support of restoring the Glass-Steagall Act that was created in the 1930's as a response to the banking crisis of the depression.
EconomicStability.org's Joe Bongiovanni discusses the strengths and weaknesses of Glass-Steagall.
Also, comments on Frontline program from Tuesday night, the 20th:
http://www.pbs.org/wgbh/pages/frontline/warning/interviews/born.html
that discusses Greenspan, Sommers, and Rubin's suppression of Brooksley Born's desire to regulate derivatives when she was head of the Commodity Future's Trading Commission in the Clinton Administration.
i need a good overview video of the wall street reform and protection act HR 4173 can't find a thing?
justanothersheeple 2 years ago
i'm totally stressed out about this, i want this back
justanothersheeple 2 years ago
i am ashamed by haste to respond to the modern mystic's reply to you that i misspelled derivatives. keep up your good work.
bozeman14 2 years ago