#WebsiteTheFreeThoughtProject
"THE BANKING ACT OF 1933
Also known as Glass-Steagall, the Banking Act of 1933 effectively separated risky speculative investment banking from traditional, FOIC protected functions like issuing mortgages and small business loans. The repeal of this law by Bill Clinton in 1999 led directly to the toxic mortgage-fueled meltdown of 2008... the root cause of our current economic situation."
#OrgClassifPPUSDemocraticPartyPOTUSBillClinton
#2007_GlobalFinancialCrisisGFC
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