From the FDIC web site. (hat tip to Obseedian of MarketTickerForum. Nice catch thanks. The whole section is worth reading.)
"National City Company repackages bad Latin American loans from its affiliated bank and sells them to unknowing investors as new securities.
This is one of the deals that initiate the Glass-Steagall Act of 1933."
FDIC: Banks in the Roaring 20's
By way of reminder, the banks will be trotting the VISA IPO out the door tonight and tomorrow.
Spiritual pride leads to a lingering spiritual death. It turns the living being into a tomb, bright and polished on the outside, proudly ornamented with scrupulous attention to detail, and ostentatious adherence to the letter of the law — but inside full of corruption, and festering foulness. They love the rituals and the worldly forms of religion, but want nothing to do with mercy and love. It is a sickening romance with the self, unto death.
Jesse, Essere Umano, 20 August 2017