Comment Text:
Submitter Info:
First Name: Kelly
Last Name: Arellanes
Mailing Address: 23 Bradley St
City: Bryant
Country: United States
State or Province: AR
Postal Code: 72022
Organization Name: retired
All of you need to use open minds. The Gramm-Leach-Bliley Act of 11/12/1999 repealed part of the Glass-Steagall Act of 1933.
The Gramm-Leach-Bliley Act caused America to go into another recession/depression, just like it happened when Wall Street collasped in 1929.
The Glass-Steagall Act prohibited any one combination of an investment bank, commercail bank and/or insurance company. It established the FDIC. But the Gramm-Leach-Bliley Act allowed all of theses corporations to consolidate, thus pushing forth corporate profits and trashing almost all consumer protection.
This country is for WE the PEOPLE, not WE the CORPORATIONS.
