Tuesday, January 26, 2021

Tag: Ten Things You Can Do Now to Curb Wall Street’s Wealth Transfer System

Ten Things You Can Do Now to Curb Wall Street’s Wealth Transfer System

by Pam Martens and Russ Martens, Wall St On Parade:

The late 1920s and the early 2000s had two things in common. There was an unprecedented level of wealth and income inequality in the United States and there was no federal legislation to prevent giant Wall Street trading houses from owning deposit-taking banks filled with the savings of moms and pops across America. In both eras, those Wall Street trading houses used bank deposits to make wild bets in risky markets and pay themselves obscene amounts of money.