The Glass Steagle Act protected everyone in the U.S. from having another Great Depression from 1933 until it was slowly pulled apart and destroyed by Reagan, Clinton, and the two Bush presidents from 1980 until 2005.
Let me give you an illustration of what this is like to me.
Glass Steagle is like buying a brand new Chevrolet or Ford. Over the years and one two many bumps in the roads, Reagan, Bushes, Clinton didn't maintain their car.
So, one day the Muffler to the car was dragging on the ground burning sparks.
Dodd Frank was bailing wire so they could tie the muffler up to the car so it wouldn't drag the muffler burning sparks along the road which isn't a good idea when you have gasoline in the car because it might catch fire or even blow up.
Trump has tin snips and he just snipped the bailing wire because he didn't like the looks of it so now the muffler is dragging.
Presently, we are waiting for the car to catch fire or blow up one or the other.
It's only a matter of time at this point the way Trump is running things (or better said "NOT RUNNING THINGS").
This is a pretty good illustration of how I see all this with Trump (not driving the car of State) at present.
However, in real life, the usual result of letting your muffler drag forever is eventually it usually gets caught on something and pulls off your exhaust manifold on your engine and your car sounds really loud. IF you let it do this long enough you either get pulled over by the police for too much noise or your engine blows up eventually from cold going into the valves and warping them until they blow up the engine, or your engien catches fire like a car I saw burning up on the road yesterday on the freeway which was going to be gone soon.
So, my point of view if things keep going the way they are this nation's economy will be gone and people be starving within about 2 to 3 years!
Except for the 1% who will be eating caviar while the rest of the people die slowly or quickly here in the U.S and around the world.
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