Madoff And The Repeal Of Glass-Steagall

http://www.mslaw.edu
The repeal of the Banking Act of 1933 and it's ramifications. In this segment of the Massachusetts School of Law's program, Books of Our Times, Dean Lawrence R. Velvel interviews Erin Arvedlund on her book: Too Good To Be True: The Rise And Fall of Bernie Madoff.
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• FDIC
• Citibank
• Goldman
• Sachs
• Hedge
• Funds
• AIG
• Mutual
• Securitized
• Mortgages
• Default
• swaps

[tepstolog]

Only the FDR Glass-Steagall principle will separate commercial from speculative banking, thus freeing the nation from obligations to Wall St. and the City of London, and re-establishing a credit system for rebuilding the nation.

H.R. 1489, Return to Prudent Banking Act of 2011, is before the House of Representatives, which aims to revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so called 'Glass-Steagall Act

[pdaniels9000]

i agree that the fed has a lot of power and is too heavily influenced by special interests, but ending it completely would devastate the economy.

i think the solution you're looking for is to have more democratic control of the fed.

[MyImago]

End the Fed

"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." - Napoleon Bonaparte, 1815