Tag: glass steagall act
Citigroup Creator Says Break Up The Big Banks
The banking industry was sucker punched late last week by an unlikely assailant. Former Citigroup Chairman and CEO, Sanford “Sandy” Weill, appeared on CNBC’s Squawk Box and called for breaking up America’s big banks. Here’s what he said… “What we should probably do is go and split up investment banking from banking. Have banks be […]
Stop This Madness!
A while back I wrote an article on the corporate greed and corruption on Wall Street. I also talked about the Glass-Steagall Act of 1933. Glass-Steagall was a great law providing for the separation of commercial and investment banking. In a nutshell, the act prevented commercial and retail banks from making bets in the securities […]
You Can’t Trust These Jerks…
Anybody watching the news lately (or anytime in the last ten years for that matter) has heard something about corporate corruption and Wall Street. A while back it was Enron… Enron was the darling of Wall Street in the late 1990s and early 2000s. At one point, Enron stock traded for over $90. For years, […]
