Deregulation of the banking industry ruined the banking business. Now anyone could be a loan shark and didn't have to worry about much oversight. They got greedier and greedier until it collapsed in 2008. Reagan deregulated banks in the 1980's.
KEISER REPORT: NSA-SPREAD DIGITAL AIDS. Max and Stacy discuss banks lobbying to force credit unions to become banks in order to destroy the Move Your Money competitive threat and frontrunning the NSA and its digital AIDS. Max also talks to former government official, Catherine Austin Fitts, about extricating yourself from the tapeworm economy.