Financial Institutions Continue to Terrorize the American Public
“Leave the banking to us” used to be a phrase used to reassure Americans that you cannot be any safer than when you put your money in banks. This article shows the horror stories banks visit upon the public, including rigging foreign currency marketing, predatory lending in housing, to jacking up the interest rates on credit cards. All this is the result of the repeal of the Glass–Steagall Act in 1999. Thanks go to Bill Clinton, who signed the bill. it is next to impossible to find a bank where your money is safe.
About The Author
Bruce
Bruce Lerro has taught for 25 years as an adjunct college professor of psychology at Golden Gate University, Dominican University and Diablo Valley College. He has applied a Vygotskian socio-historical perspective to his four books: From Earth-Spirits to Sky-Gods: the Socio-ecological Origins of Monotheism, Individualism and Hyper-Abstract Reasoning Power in Eden: The Emergence of Gender Hierarchies in the Ancient World Co-Authored with Christopher Chase-Dunn Social Change: Globalization from the Stone Age to the Present and Lucifer's Labyrinth: Individualism, Hyper-Abstract Thinking and the Process of Becoming Civilized He is also a representational artist specializing in pen-and-ink drawings. Bruce is a libertarian communist and lives in Olympia WA.