MATT TAIBI: ROLLING STONE When Bill Clinton took office, it was still illegal in the United States for commercial banks to merge with investment banks and insurance companies

Rolling Stone Hillary Clinton’s Take on Banks Won’t Hold Up. The Democratic front runner seems to be counting on America’s ignorance about the 2008 crash. BY MATT TAIBBI October 14, 2015 – Backing up: When Bill Clinton took office, it was still illegal in the United States for commercial banks to merge with investment banks and insurance companies. But toward the end of Clinton’s second term, Bill Clinton signed a bill called the Gramm-Leach-Bliley Act that essentially created Too Big to Fail “supermarket” banks like Citigroup.

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