This problem really stems from the repeal of the Glass-Steagall act by Clinton. This allowed investment banks and regular banks to converge as one as puts the risk on regular savers and not just the investment banks.
After the Great Depression Glass-Steagall was enacted to prevent it from happening again. The good ol' Democrats (and the Rino's) got rid of that shit so the banks can vacuum up all of our money when they fuck up.
This problem really stems from the repeal of the Glass-Steagall act by Clinton. This allowed investment banks and regular banks to converge as one as puts the risk on regular savers and not just the investment banks.
After the Great Depression Glass-Steagall was enacted to prevent it from happening again. The good ol' Democrats (and the Rino's) got rid of that shit so the banks can vacuum up all of our money when they fuck up.
I was just talking about this to a friend of mine yesterday. Think of all the financial crisis that have occurred since it was repealed.