thebrackpipe – Mission Statement Series

One of the topics which I will address on thebrackpipe is financial responsibility and reform.  To start off, I would like to point you to the following article on www.billmoyers.com.

Bill Moyers talks with former Citigroup Chairman John Reed to explore a momentous instance: how the mid-90’s 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.