I can barely read this article. It is all going to be a repeat of the Regan era, that forced the closing of every Savings and Loan company in America that held 60% of all mortgage at the time. Allowing the bank largest banks to take over the mortgage industry. It was the reason the Fed’s change the capital amount rule instead of amending it, to force those mass closings. It is the same reason Clinton dropped the Glass-Stegall Act, allowing banks to make risky investments with our checking and saving money. To rig the system.
It is one of the main reasons we have never had banks in Post Offices. The Big Banks don’t want it and will ~~bribe~~, sorry, I meant to say ‘lobby’ Congress and the Senate to vote against changing the banking laws.
The OWL Movement was right, we needed to break up the big banks then and now.
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I can barely read this article. It is all going to be a repeat of the Regan era, that forced the closing of every Savings and Loan company in America that held 60% of all mortgage at the time. Allowing the bank largest banks to take over the mortgage industry. It was the reason the Fed’s change the capital amount rule instead of amending it, to force those mass closings. It is the same reason Clinton dropped the Glass-Stegall Act, allowing banks to make risky investments with our checking and saving money. To rig the system.
It is one of the main reasons we have never had banks in Post Offices. The Big Banks don’t want it and will ~~bribe~~, sorry, I meant to say ‘lobby’ Congress and the Senate to vote against changing the banking laws.
The OWL Movement was right, we needed to break up the big banks then and now.