sunx

U.S. Bank Dividend Yields Revisited

AlphaHunter, You are seeing clearly!
Thanks for your comments.

U.S. Bank Dividend Yields Revisited

An excfllent article in the July + August MOTHER JONES Magazine entitled "this was no accident-Wwo wrecked the economy- and why they work for John McCain

The article basically puts the blame at Phil Gramm's feet. It says that some laws he helped get passed in 1999. It was" a historic banking billthat decimated Depression-era firewalls between commercial banks , investment banks, insurance companies,and securities firms-setting off a wave of merger mania.
In Dec. 2000, he helped to get a bill passed called theCommodity Futures Modernization Act. It was written with the help of financial industry lobbiests. For starters, the legislation contained a provision-lobbied for by Enron, a generous contributor to Gramm-that exempted energy trading from regulatory oversight. I believe it also opened the door for all those Credit Defaukt Swaps that ultimately helped everything get so out of controll.

We will feel the results of this deregulation for years into the future. I've tried to give a summary of the article, but I'm afraid I haven't done it justice. Please chekc out the article for greater detail.