Tuesday, July 23, 2013

Republicans Go Glass Steagall

Some conservative and Republican commentators are demanding that Republicans join McCain-Warren Senate version of Glass Steagall, and also HR 129 in the House of Representatives.  This includes former Savings & Loan regulator William Black, who wrote about it on Huffington Post.

Otherwise, the banks can buy minerals, oil, or fast-food stores, all with government insurance through the Federal Deposit Insurance Corporation (FDIC).

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