It is clear that the very root of today's divide
is found in the euphoric move
at he end of the Clinton era
to have done with restraints on banks
to repeal of Glass-Steagall Act
Glass-Steagall was a harness on greed
It forbade banks from being investment houses
Complicity in the repeal of Glass-Steagall was shared by thousands
but Greenspan, Paulson and Summers
So were President Clinton and Phil Gramm
The savings Clinton effected were
lost in a stroke of the pen
and
today regulation remains under severe attack
This is the backdrop of Elizabeth Warren's
salutary effort in Massachusetts
I am told she does best talking directly to voters
Money pours in to defeat her
She can and will win
Both parties participated in
the huge trough-feeding
engendered by the repeal of Glass-Steagall
We remain prey the nominalist forces
of me me me
that brought us to the cliff
a cliff no less lethal
than the cliff in the Bard's Lear
