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VIDEO: Same old sheriff on Wall St.
by www.therealnews.com
Wednesday, Jul. 01, 2009 at 4:28 PM
mbatko@lycos.com (email address validated)
This RealNews report is from June 24, 2009.
Obama's plan won't rein in casino capitalism; finance must be democratized. The Fed has had enormous regulatory power but refused to use that power. In a PBS Lehrer broadcast, Alan Greenspan explained the Federal Reserve is independent and above the president!
Glass-Steagal separated commercial and speculative banking. Democrats and Republicans dismantled the system over 30 years at the banks' request.
Economist Robert Polin is interviewed in this report from http://www.therealnews.com, June 24, 2009.
http://therealnews.com/t/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=3920
www.mbtranslations.com
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