ulie Driscoll’s look at the long-term effects of the Komen Foundation’s ill-advised decision to strip its funding for Planned Parenthood for what were rather obviously political reasons, led this week’s LA Progressive 10 Most Read articles list.
Robert Reich: If any three people are most responsible for the failure of financial regulation, they are Greenspan, Larry Summers, and my former colleague, Bob Rubin. In 1999 they advised Congress to repeal the Glass-Steagall Act, which since 1933 had separated commercial from investment banking. By 1999, Wall Street was salivating over such a repeal because it wanted to create financial supermarkets that could use commercial deposits to place bets in the financial casino. That would yield the Street trillions.