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Politics, News, And Investment Companies are all in bed together too much. In 1929, the Fed raised interest rates to slow investing on margin.
Today the Fed buys bonds from the Treasury through Goldman to push interest rates down, forcing people to gamble with stocks. Goldman's profits doubled last quarter because of this.
In 1933, the Glass-Steagall Act was created to separate insurance companies, commercial banking and investment banking.
In 1999, The Gramm-Leach-Bliley Act was passed that allowed insurance companies, commercial banking and investment banking to act as one institution.
We are fucked.
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