Showing posts with label investment banking. Show all posts
Showing posts with label investment banking. Show all posts

Wednesday, July 17, 2013

A Politician To Respect

Although she is not one of ours, Democratic Senator Elizabethan Warren is one of those rare politicans who commands respect. Calm, even unflappable, and eminently logical, she handles herself with great aplomb in the following video as she defends her efforts to bring back the Glass-Stegall Act, legislation that was enacted as a response to The Great Depression to create a firewall between investment and commercial banking. It was repealed by Bill Clinton in 1999, and is widely blamed for the 2008 financial crisis that eventually engulfed the world.


Canadians can only wish we had that calibre of politican here in a position to influence public debate. As good as our Eliabeth May may be, I do not see The Green Party rising to prominence in near future.