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Pastimes : Don't Ask Rambi

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To: koan who wrote (69802)1/9/2009 9:48:19 PM
From: JF Quinnelly1 Recommendation  Read Replies (5) of 71178
 
Are you aware we are in a monster depression tim??

It's more of a tadpole-Depression at this stage, koan. You'll have to wait awhile to see if it grows up into Godzilla. And I'm not sure how poor old Milton Friedman got blamed for the mess, he wasn't a fan of unregulated banking.

Then they repealed the glass Steagall ACT

Glass-Steagall was repealed piecemeal over time, some as early as Carter. The coup de grace was administered by the Gramm-Leach-Bliley Act of 1999 which Robert Rubin urged Bill Clinton to sign. Which he did.
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