This thing is kind of like health care. In spite of abundant evidence that Glass-Steagall worked (no bank failures for 50 years – approximately ’33 to ’83), those enjoying the fruits of today’s perverse versions of capitalism and finance, who are dedicated to making money with money (making things is so yesterday), will not tolerate anything resembling a reinstatement of that law. And they will win.
Here’s a People’s Warrior on CNBC facing the conventional opposition, laced with a bit of hostile mockery. This video was viral a few days ago, until it briefly disappeared because CNBC filed a copyright claim against, I believe, the Senator. Ahem?
That is what brought this video to the attention of the fine folks at Upworthy. They note that “It gets amazing at 2:08. At 3:42, she uses their words against them. And at 4:39 [it really rocks].”
Listen to her ‘splain it all – clearly, simply and confidently.