Collins: Enabling Acts - For An Era Of Greed | WHAT REALLY HAPPENED

Collins: Enabling Acts - For An Era Of Greed

The strategic goal was to turn Wall Street into a big casino for the "in crowd" of major investors, funds, and institutions. No rules and no regulations: "let the market take care of it" was the philosophy.

The tactics were easy. First you set up a scholarly group called the Law and Economics movement to give your scheme legitimacy. Then you give money and other favors to members of Congress.

At the right moment, you call in your congressional markers to let the banks start doing what they did to spark the Great Depression. Walk into the Wall Street casino loaded with cash and spend like they're on coke.

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