Watch: Bill Moyers on "How Big Banks Are Rewriting the Rules of Our Economy"
Last night's episode of Moyers & Company was a rebroadcast, and one worth revisiting. Via the show's website:
This weekend on an encore episode of Moyers & Company, Bill former Citigroup Chairman John Reed and former Senator Byron Dorgan to explore a momentous instance: how the mid-90s merger of Citicorp and Travelers Group — and a friendly presidential pen — brought down the Glass-Steagall Act, a crucial firewall between banks and investment firms which had protected consumers from financial calamity since the aftermath of the Great Depression. In effect, says Moyers, they put the watchdog to sleep.
Watch the entire episode below.