News Focus
News Focus
icon url

BullNBear52

03/31/25 3:47 PM

#228592 RE: B RY #228558

Read The House of Morgan.
https://www.thriftbooks.com/w/the-house-of-morgan-an-american-banking-dynasty-and-the-rise-of-modern-finance_ron-chernow/255440/item/4052635/?

It was Hamilton who insisted we needed a National Bank to start with. JP Morgan despite being a robber baron saved or not depending on your opinion the country and kept the national afloat.

You're focused on the start of the Fed in 1913 but not the final act passed in 1933 which broke up the banks into two sectors, banking and investing.
https://www.federalreservehistory.org/essays/glass-steagall-act

It broke up Morgan in two, JP Morgan and Morgan Stanley.

Everything was fine until Clinton with help from Graham and Leech decided to break everything.

Please tell me how today's politicians can compare with the deceptive politics of over 100 years ago.

You don't have to back 100 years. Just go back to November 12, 1999.