As we all know that banks are casino scams. How so...?
---> The Glass-Steagall Act of 1933, enacted June 16, 1933 created the FDIC to insure bank accounts, and regulate banks to NOT be able to "mix" the funds from consumer savings with "speculative investing", and it worked quite effectively until 1999. Additionally, with passage of the Gramm-Leach-Bliley Act, enacted November 12, 1999, commercial
banks, investment banks, securities firms, and insurance companies were allowed to consolidate. Today, it has become more difficult to distinguish differences between financial services offered to the consumer by brokers, banks, or an insurance company. Furthermore, there's the unregulated check cashing industry which continues to facilitate services unavailable to the un-banked and underbanked consumers. This market is comprised of more than 160 million unbanked American consumers. United Services Association (Market Focus)
Consumer spending per month:
less than < $10,000 (Primary Market)
from > $10,000
