Why Glass-Steagall HAD to be Repealed

It's been nearly 15 years since this key Depression-era legislation was repealed by a Republican Congress and Democrat president.  The reasons why the banks were pushing for Glass-Steagall to be deep-sixed became evident with the monstrous mortgage and derivatives boom--and BUST--of ensuing years.

Chris predicted the course events would take; a lesson that still instructs us today as new bubbles are being blown by the so-called "shadow banking system."Why Glass-Steagall had to be repealed