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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (33771)1/4/2012 9:21:35 AM
From: Peter Dierks  Read Replies (1) | Respond to of 71588
 
This has been sitting in my inbox for a couple years. I wonder if we would still agree.

"Many wise people are now recognizing that the repeal of Glass-Steagall was one of the few saving graces of the current crisis."

At the time I disagreed. I think I still do. In part the crisis was caused by the elimination of the barriers between the two different types of banks. IMHO it cost taxpayers hundreds of billions of dollars.


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