Glass-Steagall, Part Deux

21stCenturyGlassSteagall

I haven’t thoroughly reviewed the bill yet, so I am neither for or against it. But this item in the “purpose” section tickles me:

(3) to eliminate conflicts of interest that arise
from banks engaging in activities from which their
profits are earned at the expense of their customers
or clients.

Profits are always earned at the expense of customers, Ms. Warren.

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The Bankers’ New Clothes Video

Anat Admati explains her plan for fixing the global banking system.

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