Loading ...The Feds plan is simple. Over time, like the next decade, they will try to raise rates to at least 5% so the banks can make money. Clearly, the subsidy train is not going to stop with Janet Yellen. The deregulation queen was one of the eager supporters who dismantled the Glass–Steagall act. For those that don’t know, Glass–Steagall legislation is four provisions of the U.S. Banking Act of 1933 that limited commercial bank securities activities and affiliations between commercial banks and securities firms. This legislation was put in place after the first stock market crash (which caused the great depression) to prevent future market crashes. So history will repeat itself, not a matter of if, just when. […]