Stories tagged with: glass
Video: John Reed on Big Banks' Power and Influence
http://vimeo.com/35736113Submitted by PeteD 16 months, 3 weeks, 2 days, 19 hours ago
Video (VIMEO): "Bill Moyers talks with former Citigroup Chairman John Reed to explore a momentous instance: how the mid-90's merger of Citicorp and Travelers Group and a friendly Presidential pen -- brought down the Glass-Steagall Act, a crucial firewall between banks and investment firms which had protected consumers from financial calamity since the aftermath of the Great Depression. In effect, says Moyers, they put the watchdog to sleep. " Join discussion...
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