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Breaking Glass-Steagall | The Nation

Although Wall Street has pushed for financial deregulation for two decades, it was last year’s merger of Citicorp and Travelers that set the stage for Congress’s effective revocation of the Glass-Steagall Act in late October…

 Indeed, further proving that Wall Street and Washington are two branches of the same firm, the newly formed Citigroup announced only days after the deal that it had hired recently departed Treasury Secretary Robert Rubin as a member of its three-person office of the chairman.

The Nation (Nov. 15, 1999). (via GET OFF MY LAWN!)

2 notes

  1. timekiller-s said: If it was me, it’s OK. It’s more important to spread the word and share the article. I know I teased it early Monday.
  2. dakotapuma posted this
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