The Moment America Changed Forever

America changed forever the day the Supreme Court ruled that corporations are persons and as such had the right to contribute financially to election campaigns.

Bill Clinton also signed in 1999 the Financial Services Modernization Act (also known as the GLBA). After the banking crisis of 2008 we learned that it had major contributions to the subprime mortgage crisis which was at the root of the banking crisis. It deregulated and enabled the banks to take higher risks. The GLBA removed the separation between commercial and investment banks, allowing them to merge and engage in the wider range of activities. Where before you had a firewall between the commercial and investment banks.

7:40 Bernie Sanders looked 100 years old since 2005 💀

rule of thumb: never believe anyone who says "things are bad right now because of one single historical event, there's no nuance"

I thought you were going to talk about the law that Bill Clinton signed allowing commercial banks and investment banks to combine

16:10 you can also thank Clinton for the 2008 crash by repealing the Glass-Steagall Act

In defense of Levi Strauss, the company tried very hard to keep their brand Made In America, and publicized that fact. But consumers started buying much more cheaply priced jeans, often with designer labels, made in China. There were articles in San Francisco papers (the location of their headquarters) where they explained that sales were going down too fast and they had to join the others to survive. Consumers are to blame too as in the documentary, The High Cost of Low Price in the early 2000s.

America did themselves in.

At first, I assumed this was about repealing Glass-Steagall.

Was not expecting dusky ‘don’t go’ to be in the theme track to this channel 😅