Thursday, October 6, 2011

Glass-Steagall and No Balls in Washington

One of President Obama's biggest failures is not leading the charge to put the Glass-Steagall Act back in place separating investment banks from community banks.  This isn't an anti-capitalist law. It served us well for 50 years and if you understand the concept of Original Sin and understand that Man is a greedy little SOB then you know exactly why such protections were imposed.

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