Prompted by corrupt Wall Street and the privately owned Federal Reserve many Americans are finally starting to get the picture of who really pulls the strings in our alleged free market economy. As thousands protest across our country in what is being called Occupy Wall Street and more importantly Occupy The Federal Reserve the FDIC is quietly backing a plan to ban banks for trading for their own profit.
Could this be the start of another Glass Steagall Act to rein in banks and once again make a separation between deposit and investment banks. Did the Occupy Wall Street and the Federal Reserve protest help make this happen? Or is this just a shadow victory with rules that do not really change how banks operate after all after 2008 it became clear that banks were big to fail while fellow Americans fell on deaf ears.
Sources:
FDIC backs ban on banks trading for own profit