A history lesson: all Ponzi schemes topple eventually, and crypto is no different Robert Reich
Eighty-nine years ago, Franklin D Roosevelt signed into lawthe Banking Act of 1933 – also known as the Glass-Steagall Act. It separated commercial banking from investment banking – Main Street from Wall Street – to protect people who entrusted their savings to commercial banks from having their money gambled away.
Glass-Steagall’s larger purpose was to put an end to the giant Ponzi scheme
