If you take the time to listen to this, you will understand why the financial elite have been able to wreak such havoc in the last 15 years with impunity. The end of the Glass-Steagall Act in 1999 (a parting gift from Bill Clinton to the people of the world) allowed banks to regulate themselves. As you might have guessed, when the rich are allowed to regulate themselves, there won't be many regulations...in fact, mass criminality will become normal.
Greg Palast on the secret Geithner-Summers End-Game Memo with Max Keiser.
Aired on 17. September 2013
