…Lending became unnecessary. > > Americans for Financial Reform: Big commercial banks like Citibank and JP Morgan provided all kinds of support to shadow banking after the repeal of Glass-Steagall. They had massive exposures to 'toxic assets' and to…
…that have ranged far afield from banking into highly speculative activities of all sorts. Brokerage firms like Goldman Sachs and banks like CitiBank have become indistinguishable. Massive portions of the credit market now exist outside of the oversight of any…
…Lending became unnecessary. >> >> Americans for Financial Reform: Big commercial banks like Citibank and JP Morgan provided all kinds of support to shadow banking after the repeal of Glass-Steagall. They had massive exposures to 'toxic assets' and to…
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