Towards the Precipice
Robert Brenner: The Continuing Collapse of the US Economy, 6 February 2003
“... The climax came in April 1998 when Travelers Insurance, owners of the investment bank Salomon Smith Barney, merged with the commercial bank Citicorp to form Citigroup, in direct defiance of the still valid Glass-Steagall Act, the pivotal piece of New Deal legislation regulating finance. These giants were clearly confident that the Government would ... ”