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Politics : The Obama - Clinton Disaster
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To: Wayners who wrote (24536)1/13/2010 5:43:47 PM
From: TimF  Read Replies (1) of 103300
 
The repeal of Glass-Steagal (Gramm-Leach-Bliley)

1 - Isn't very relevant to the current problems

2 - Formalized a change that had already begun to happen to an extent before the Gramm-Leach-Bliley was passed.

3 - Was signed by Clinton.

Also note how most western countries never had something equivalent to Glass-Steagal, why didn't they have this finacial crisis decades before we did?
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