MacroScope

A picture is worth a thousand pages of financial reform

October 25, 2012

Here’s a snapshot of FDR & Co. in 1933 as they signed Glass-Steagall, which separated the financial sector into safer, deposit-taking commercial banks and risk-taking investment banks – Wall Street.

And here’s a photo of Bill Clinton & Co. repealing Glass-Steagall in 1999, with the passage of the Graham-Leach-Bliley act known as the Financial Services Modernization Act. 

Comments
One comment so far | RSS Comments RSS

Can we get a picture of a bankster in an orange jumpsuit, preferably shackled?

I thought not.

Posted by masaccio | Report as abusive
 

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