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In April only half the population favored stronger regulation of banks, according to a Gallup poll, even although Wall Street nearly destroyed the monetary system in 2008 and has regularly manufactured devastating boom-bust cycles major to mass bank runs every single decade since Ronald Reagan unleashed the complete force of the free of charge market place by brushing aside the Glass-Steagall Act.
The Republicans’ move indicates that the hugely-partisan nature of Washington has infiltrated the commission’s work and threatens to derail it. With 4 commissioners now essentially going around the panel to describe their thoughts on the roots of the economic crisis, the public may possibly not get the full picture when it comes to understanding how the actions of a few led to the worst financial downturn given that the Wonderful Depression.… Read More