Sunday, August 25, 2013

Glass-Steagall Act & Sovereign National Banking Must Be Restored


Glass-Steagall protected us from economic disaster for 50-odd years, allowing banks to either invest or save, but not both. In less than a decade after its repeal, wild speculation and outright scamming had created another bubble, the one that burst in 2007. Financial institutions hold and, in too steep a degree, control the wealth, savings, retirement and dreams of American citizens. They cannot be trusted to simply do as they flippantly see fit with your money or mine. Regulate the hell out of 'em. Glass-Steagall should be restored.



1 comment:

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