In 1934 the Pecora Commission was charged with finding out why the Crash of 1929 happened. The report could have been written today. Lack of ethics and a complete lack of integrity were the underlying causes. A complete state of lawlessness prevailed on Wall Street then as now. A substantial regulatory framework was put in place and the banksters have spent the past 80 years breaking down those safeguards. And now we’re back to square one. And JP Morgan and Goldman Sacks are still running the show. Seems that the more things change, the more they stay the same.
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