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Sen. Charles “Chuck” Schumer’s Economic Crisis Hypocrisy

“The Glass-Steagall Act of 1933 evolved from the bitter experience of the Depression, when American banking was in shambles. Left free to speculate in the 1920’s, banks naturally looked where profits seemed highest, and were inevitably drawn into risky propositions. When a few banks failed, depositors nationwide panicked. Runs on banks pushed this country over the brink of financial disaster.” … … Continue readingSen. Charles “Chuck” Schumer’s Economic Crisis Hypocrisy