The Bill Clinton administration’s repeal in 1999 of the 1933 Banking Act, commonly known as the Glass-Steagall Act, ushered in the greatest kleptocracy America has ever known…
The Forgotten Victims by David Dayen…
Ever since Wall Street bankers cratered the global economy in 2009, federal prosecutors have barely been able to keep up with the unprecedented scale of corporate wrongdoing. Last year, in a series of high-profile settlements, Citicorp, JPMorgan Chase, Barclays, and the Royal Bank of Scotland agreed to…