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Reply #88: Oh really? [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
Skwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-26-04 09:10 PM
Response to Reply #56
88. Oh really?

"Edwards, who comes from a state where banking is big business, played a critical role in brokering legislation to allow banks to sell mutual funds and insurance, and to engage in other speculative ventures. This law, worth hundreds of billions to the banks, blasted a gigantic hole in the Glass-Steagal banking law’s firewall of protections designed to prevent the kinds of bank collapses that marked the Great Depression of the ’30s — meaning that it put the money of Joe Six-Pack depositors at risk." (A Populist Make-Over Meet John Edwards, the Corporate Man, http://www.dissidentvoice.org/Jan04/Ireland0129.htm
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