If Congress would only restore the Steagall-Glass Act, which separated the FDIC-insured money of depositors from the high-stakes, high-flying money that hedge funds and investment bankers play with, this performance would not be necessary.
A few notes:
• If you slow this performers down and take careful note of
every word, you’ll find that the technical descriptions are just about perfect.
• There once was a time when banks could never be too big to
fail because each bank was limited to operations in one state. No longer.
• How to stop the financial thugs throwing the equivalent of
knives at us to see who can miss by the least? This can be done either through
restoration of the Steagall – Glass Act, or restoration of now repealed prohibitions against Interstate banking, or preferably both. But this would be what the Republicans
call “Needless, job-kiling government intervention with the free market.” Draw your own conclusion about
Republicans.
• The performers in this video work under the unfortunately
klunky name, Fascinating Aida. They're clever enough to think of better. Nevertheless, I wish some enterprising Broadway producer would bring
these three over to the United States for a limited run on Broadway. They’d be a
smash hit. I’ve displayed one of their performances previously, in a piece
explaining how consumers are getting nickeled and dimed. (Go here, and scroll down
to the end.)
2 comments:
Can I invest in guillotine futures?
Guillotine futures? Doubtful. But comes the revolution, you'll probably be able to scalp first row seats.
Crankily yours,
The New York Crank
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