Tag Archives: Financial Services Modernization Act
PRICE-RIGGING IS THE NAME OF THE GAME: TAIBBI’S LATEST
Matt Taibbi comes through again with another bombshell of a story about a little-understood provision of the 1999 Financial Services Modernization/Gramm-Leach-Bliley Act: “A tiny provision in the bill also permitted commercial banks to delve into any activity that is ‘complementary … Continue reading →
Posted in Asset Bubble, Conspiracy, Debt, Debt Slavery, Everything Is Rigged, Financial Terrorism, Foreclosure, Price, Price-fixing, Rent-seeking, Rentier, Reverse socialism, Wealth transfer
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Tagged aluminum, Barclays, Blythe Masters, california, Easter Bunny, Financial Services Modernization Act, Financial System, Gramm-Leach-Bliley Act, Matt Taibbi, Phil Gramm, pricing, rent-seeking, Rentier, Stanley Druckenmiller, Tooth Fairy, wealth transfer
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