Great commentary as always Lee!! Thank you!! Just thought I'd also add that, since bail-outs got such a bad rep in 2008, they've been able to conceal Dodd-Frank's small print "bail-in" clause -which enables banks to confiscate our savings, pension accts, etc. (regardless if these are insured or not) when they feel it's time. Of course Paul Krugman -who poo-poo'ed Glass-Steagall- never ever mentioned this. Who knows how much more they've done to deregulate our already lawless banking system through what they just passed. But whatever the revisions, you can be sure the bankers & elite have made excellent plans for themselves to profit even more (by parasiting off of us!) when faced with any impending crash they've helped to create. :(
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