Back in the 1990’s, two banks merged (I forget the names) in direct violation of the Glass-Steagall Act. Then two more banks wanted to merge. Greenspan & Clinton merely repealed the act!One of our biggest threats today is that Banks, financial houses and corporations have grown so big, supported by so much money, that they have become powerful enough to defy state & federal law, and can force the levers of legislative power in their favor.(If they want, Medtronic & Burger King can let go, with a cheering crowd of other corporations down below, cheering them on!)
Back in the 1990’s, two banks merged (I forget the names) in direct violation of the Glass-Steagall Act. Then two more banks wanted to merge. Greenspan & Clinton merely repealed the act!One of our biggest threats today is that Banks, financial houses and corporations have grown so big, supported by so much money, that they have become powerful enough to defy state & federal law, and can force the levers of legislative power in their favor.(If they want, Medtronic & Burger King can let go, with a cheering crowd of other corporations down below, cheering them on!)