Is There a Market for Investment Banks?

In the late 90s, there's a huge push by the banking industry and the hedge fund cartel to eliminate Glass-Steagall. The problem is not the person in power but the actual power structure itself, says Alan Greenspan. In order to change the system, you need a majority or super majority of the system to have the right incentives," he adds. "And that won't happen until we wipe the, you know, you have a complete wiping of the old system"