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by smcin 1179 days ago
What specifically is the most incorrect claim/belief Reich and Warren have? And why is it that banks don't fail in Canada?

"it's all the fault of [hyperbole] big businesses convincing the government to lift regulations". Well who else was lobbying govt to roll back banking regulations, in the 1990s?

Which lobbyists paid former Sen. Phil Gramm? Gramm's wife Wendy as CFTC chairwoman till 1993 issued regulations that legalized the type of electricity trading that helped Enron make millions in illegal profits. In 1993 joined Enron and ended up on its audit committee, where she approved all the shenanigans. She made $ out of Enron, while her husband was passing legislation to help it, and Enron lobbyists contributing to his campaign.

Phil Gramm ended up on the board of UBS, and a McCain adviser on the economy. Insanity.

"...if voters only gave them and their side the power." Start by ending the revolving door. That's not "giving their side the power".