The criminal enterprise known as the Wall Street “too big to fail” banks is engaged in a desperate effort to block passage of Glass-Steagall. Bills have been introduced in both the U.S. House and U.S. Senate to reinstate the 1933 legislation that broke up the banks into totally separate commercial and investment entities. Through a lobbying effort estimated to have cost more than $300 million, Wall Street was able to repeal Glass-Steagall in 1999.
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