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Msg. 47665 of 48237
(This msg. is a reply to 47664 by zzfan) |
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This is a good analysis and is what the the Glass-Steagall Act of 1933 was designed to protect us from. It was repealed in 1999 to address "market realities" when in fact the repeal removed barriers on financial institutions for acting as any combination of an investment/ security firm, a commercial bank and an insurance brokerage. Insiders holding a lid on reality and free market for their own benefit. |
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