Friday, February 1, 2008

Could This Be a Conflict of Interest?

This is another good post at the Contemplation of Preponderance blog, concerning the recent interest rate drop and the deregulation of banking. After the Depression, Congress passed a law requiring the separation of investment banking and commercial banking. In 1999, it got repealed. Liz explains some of the results and what's still happening. Although I can't understand economics for the life of me, she explains it well.

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