FDR ; Hillary talking to US about how her husband followed in his footsteps

[Octafish]

23. GS kept the Banksters from playing at the Wall Street casino with taxpayer-backed deposits.

When the law was no more, the Banksters used the deposits on all sorts of risky investments that crapped out. Then, the taxpayers got to make the Banks whole and even gave the Banksters a bonus.

The repeal of Glass-Steagall in 1999 spelled disaster in the 2008 Bankster Bailout. The Democratic president who signed it into law was working in a spirit of bi-partisanship with his Republican Senate colleague to encourage new areas of banking by deregulating the financial industry cough gutting the New Deal protections of the Wall Street casino from using taxpayer-backed bank deposits.

See if you can spot some familiar names on this list:



They now work together at UBS -- which received uncounted billions in bailout money -- to specialize in some kind of "Weath Management."

PS: Forensic economist and former Fed regulator William K. Black wrote it reminds him of what happened during the Savings and Loans Crisis of the late 80s and early 90s. At the time, that was the greatest bank heist in history.