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Re: [Pen-l] Glass-Steagall





On Tue, Oct 21, 2008 at 8:51 PM, Jim Devine <jdevine03@xxxxxxxxx> wrote:
raghu wrote:
> Incidentally the following report argues that the G-S Act was actually
> repealed in stages over a number of years:
> http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/demise.html

FWIW, the repeal of G-S was not just a GOP project (Gramm, McCain,
etc., armed with "libertarian" rhetoric). It happened under the DP's
watch (Clinton) while it was promoted by Rubin (Clinton's SecTreas).
Of course, Citi helped abolish it by finding loopholes and exploiting
them.

exactly. clinton signed G-L-B, iirc.
 


--
Jim Devine /  "Nobody told me there'd be days like these / Strange
days indeed -- most peculiar, mama." -- JL.
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