Bank regulating as class warfare
jeudi 16 mars 2023 à 14:02Robert Reich explains the history of US bank regulations since the great depression: a conflict between the public and the rich, with politicians choosing which side to take. He concludes with calling for a return to the New Deal regulations including the Glass-Steagall Act, to "make banking boring again."
Bernie Sanders has called for this too.
In my view, the 2000s bail-out of the rich might have been ok if combined with a bailout of homeowners plus increasing taxes on the wealthy and on businesses so as to pay for it.