Ignored Financial Warnings And The Problem Of 'Too Big To Fail' Banks

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Uploaded by on Apr 12, 2010

In 1999 Senator Dorgan warn that the repeal of Glass Steagall would increase the risk of economic instability as banks would be tempted to hedge with risky derivatives and other questionable financial instruments. Even after the 2008 economic crash and years of job loss, Senator Bernie Sanders is having to battle uphill to regulate the financial industry.

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  • from 6:26 to 7:22 there is no sound.

    -cutting him off right in the middle of a scary-accurate prophesy. argh.

  • @ 6:26

  • "one day people are going to look back at this and they're going to say..."

    what? the sound went out! please fix!

  • @pbmdh agreed, this offers all the evidence needed to put on trial the criminals in Congress and Wall St who perpetrated this crime (I'd personally lie to see Phil Gramm's head LITERALLY on the guillotine chopping block, just one MORE Texan who fucked America royally the fucking pig)

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