I eavesdropped on a committee meeting at Occupy LA last night. One guy announced to the group, "Okay, homework tonight is to find out about Glass-Steagall." It's important to the conversation to know what it is.
Glass-Steagall for those who may not know, is essentially the bank regulations signed by FDR in 1933 in the wake of the crash of 1929. In 1999 the Republican-controlled Congress repealed most of the law and let banksters do what should be considered legal crimes against their country. Anyway, Rep. Barney Frank voted against Gramm-Leach-Bliley Act also called Financial Services Modernization Act, the law that deregulated everything. He's been one of its most vocal critics. Also he's a Congressman.
Look what the Glass-Steagall Wikipedia page said before I fixed it yesterday:
We should probably be reading Wikipedia for these type of errors. "Those who control the past, control the future."
