Wall Street made it clear to the political class they would pay-- and pay big-- to get out from under the restrictions of Glass-Steagall. They tried all during the Reagan and the Bush I years but it wasn't 'til the right had the disgraced Bill Clinton by the balls that they were able to get what they wanted. Conservative Democrat turned reactionary Republican, Texas Senator Phil Gramm, one of the most corrupt Members of Congress in the entire 20th Century, teamed up with conservative Republicans Jim Leach (IA) and Tom Bliley (VA) to help Wall Street game the system in such a way that they could be sure to drain immense wealth from the middle class. READ MORE Be sure to read the comments section while there.
No comments:
Post a Comment