VIDEO: Same old sheriff on Wall St. : Miami IMC

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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