HENEGHAN: LARRY SUMMERS EXPOSED !
Tom Heneghan International Intelligence Expert
American/European intelligence agencies and INTERPOL reporting
what is really going on behind the scenes of the corporate-controlled, fascist,
by Tom Heneghan, International Intelligence Expert
Bill Clinton signs into law the Gramm-Leach-Bliley Financial Services Modernization Act, November 12, 1999
[...] The 1999 Financial Services Modernization Act (FSMA) was conducive to the the repeal of the Glass-Steagall Act of 1933. A pillar of President Roosevelt's "New Deal", the Glass-Steagall Act was put in place in response to the climate of corruption, financial manipulation and "insider trading" which resulted in more than 5,000 bank failures in the years following the 1929 Wall Street crash.
Under the 1999 Financial Services Modernization Act, effective control over the entire US financial services industry (including insurance companies, pension funds, securities companies, etc.) had been transferred to a handful of financial conglomerates and their associated hedge funds. image source
http://www.globalresearch.ca/who-are-the-architects-of-economic-collapse/
UNITED STATES of America - Today we present clear cut evidence from awarding winning journalist Greg Palast that Clinton-Bush Crime Family Syndicate bank stooge Larry Summers should be blocked by Congress from ever being Federal Reserve Chairman.
BOMBSHELL — Greg Palast: A Memo that Confirms Every Conspiracy Nightmare About International Bankster Collusion & Criminality
Summers lobbied Congress, along with former Texas Republican Senator Phil Gramm and former Clinton era U.S. Treasury Secretary Robert Rubin, to have the depression era Glass-Steagall Act revoked.
It was former President Bill Clinton that signed legislation in 1999 that eliminated the Glass-Steagall Act.
The Glass-Steagall Act had protected Americans' savings deposits for decades and had prevented banks from participating in proprietary trading aka casino gambling using U.S. savings deposits as collateral
P.S. At this hour Swedish banks face a major liquidity crisis involving ass backwards derivatives tied to their currency, the krona.
In closing, it is time to reinstate Glass-Steagall and prevent Larry Summers from cross-collateralizing any more derivatives, which represent U.S. Taxpayers' funds.
$1 Trillion In US Bank Deposits Held Abroad Will No Longer Be Insured
http://www.tomheneghanbriefings.com/Larry-Summers-Exposed__09-15-2013.html