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comment by mk
mk  ·  4810 days ago  ·  link  ·    ·  parent  ·  post: BBC Speechless As Trader Tells Truth
I agree to an extent. However, the repeal of the Glass Steagall Act in the US did a lot to bring more money into these new market mechanisms. If we didn't have banks trading, a lack of adaptation of regulations to these new technologies might not have had such consequences. It's as if they got their cake and could eat it too.

The bit about Goldman Sachs ruling the world is true to the extent that the control the flow of cash. We gave that to them.