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	<title>Creative Class &#187; Rockefeller</title>
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		<title>Underneath the Crisis</title>
		<link>http://www.creativeclass.com/_v3/creative_class/2008/09/22/underneath-the-crisis/</link>
		<comments>http://www.creativeclass.com/_v3/creative_class/2008/09/22/underneath-the-crisis/#comments</comments>
		<pubDate>Mon, 22 Sep 2008 23:27:22 +0000</pubDate>
		<dc:creator>Richard Florida</dc:creator>
				<category><![CDATA[Creative Class Consumption]]></category>
		<category><![CDATA[Live]]></category>
		<category><![CDATA[Alex Tabarrok]]></category>
		<category><![CDATA[Barry Eichengren]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Glas-Steagall Act]]></category>
		<category><![CDATA[House of Morgan]]></category>
		<category><![CDATA[Rockefeller]]></category>

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		<description><![CDATA[
Barry Eichengren links the current financial crisis to the repeal of the Glass-Steagall Act which separated commercial from investment banking. But as Alex Tabarrok shows the history of Glass-Steagall  goes beyond  economics and was the product of a titanic struggle between the Rockefellers and the House of Morgan.
Underneath the current crisis and response [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.creativeclass.com/_v3/creative_class/_wordpress/wp-content/uploads/2008/09/tug-of-war.jpg"><img class="show alignnone size-thumbnail wp-image-3565" title="tug-of-war" src="http://www.creativeclass.com/_v3/creative_class/_wordpress/wp-content/uploads/2008/09/tug-of-war-150x150.jpg" alt="" width="150" height="150" /></a></p>
<p><a href="http://dailystaregypt.com/article.aspx?ArticleID=16596">Barry Eichengren </a>links the current financial crisis to the repeal of the Glass-Steagall Act which separated commercial from investment banking. But as <a href="http://www.qjae.org/journals/qjae/pdf/qjae1_1_1.pdf">Alex Tabarrok</a> shows the history of Glass-Steagall  goes beyond  economics and was the product of a titanic struggle between the Rockefellers and the House of Morgan.</p>
<p>Underneath the current crisis and response are similar struggles among real interests &#8211; banks, investment companies, the tech sector, oil and natural resources &#8211; but I can&#8217;t find anyone, anywhere providing commentary into these real interests.  There is nothing even remotely similar to the hearings, reports, and exposes Tabarrock identifies during the 1930s to what is (or is not happening) today.</p>

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