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A critical historical account analyzing over eight decades of collusion between Wall Street financiers and political elites. Geisst traces the gradual erosion of Glass–Steagall-era controls and investigates how strategic lobbying, regulatory capture, and elite career rotations diluted safeguards governing financial markets.
Packed with detailed political histories, legislative timelines, and anecdotal evidence, the book explores key eras—from the 1920s populist skepticism to Reagan-era deregulation and the 1990s repeal of Glass–Steagall. It raises pressing questions on whether financial deregulation has shifted power to a self-serving "elite club"
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Publisher: Wiley
Publishing Year: 2005
ISBN: 978‑0471656630
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