The Glass Steagall act was put in place by FDR, to keep derivitives, hedge funds, and other casino type swindles away from the banks, and the assets of the banks,
that the every day public uses.
Larry Summers made sure the history of that precaution was made past in 1999 with the assistance of the Federal Reserve,
so now this new Dodd bill will not only assist the fox to loot the hen house, it will also aid the locusts to the crops.
There will be no real restrictions on the Wall street Mob, and no provision to audit the Federal Reserve
that the every day public uses.
Larry Summers made sure the history of that precaution was made past in 1999 with the assistance of the Federal Reserve,
so now this new Dodd bill will not only assist the fox to loot the hen house, it will also aid the locusts to the crops.
There will be no real restrictions on the Wall street Mob, and no provision to audit the Federal Reserve