It’s from the July 9, 1922, Sunday edition of the New York Times. about "Bucket Shops." After the Great Depression these Casino’s were made illegal, because to the potential havoc they could lead to.
Eight years ago the Commodity Futures Modernization Act deregulated derivative trading. Furthermore it blocked many states from enforcing their Bucket Shop Laws. Now we are suprised at the result.





1 Comment
Spotlight
Support this site!
Subscribe to the newsletter
Advertise on Firedoglake
Send
us your tips
Make us your homepage
About The Seminal
Advanced search
This is a big story. 60 minutes just did a big piece on the bucket shops.
http://www.cbsnews.com/video/watch/?id=4546583n
Even Bob Dylan saw this one coming…
Buckets of rain
Buckets of tears
Got all them buckets comin’ out of my ears.
Buckets of moonbeams in my hand,
I got all the love, honey baby,
You can stand.