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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (173299)	10/8/2011 1:29:59 PM
From: T L Comiskey	Read Replies (2) \| Respond to of 542193

The bill that ultimately repealed the Act was introduced in the Senate by Barney Frank and in the House of Representatives by Jim Leach(R- Iowa) in 1999. The bills were passed by a Republican majority, basically following party lines by a 54–44 vote in the Senate [15] and by a bi-partisan 343–86 vote in the House of Representatives. [16] After passing both the Senate and House the bill was moved to a conference committee to work out the differences between the Senate and House versions. The final bill resolving the differences was passed in the Senate 90–8 (one not voting) and in the House: 362–57 (15 not voting). The legislation was signed into law by President Bill Clinton on November 12, 1999. [17] Proponents argue that repealing the provisions had little impact on the financial system and even helped restore stability during the financial crisis. [18] [19] The banking industry had been seeking the repeal of Glass–Steagall since at least the 1980s. In 1987 the Congressional Research Service prepared a report which explored the cases for and against preserving the Glass–Steagall act. [14] ..................................................................................... Of..maybe 'minor note..' the bill was signed into law by Clinton.... some 9 months after his..Impeachment..failed..... maybe Im using fuzzy logic.. but the dots connect in my book..... One hand...washes..the other