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A prescient 1998 warning about the consequences of the Glass-Steagall's repeal (thnx to alert reader JC for the pointer).
New rules on the way. Wall Street's role.
Previously: Repeal, consequences, spin.
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What's up with kdrum? Deliberate obtuseness in hopes of spurring discussion?
Posted by: Sven | Mar 26, 2009 at 11:32 AM
Commenters there have some answers, as does Allan Sloan at the "consequences" link above.
Posted by: Ed Cone | Mar 26, 2009 at 12:30 PM
The repeal had to benefit someone. It passed in the Senate 90-8. McCain didn't vote so he could avoid another bunch of cans being tied to his tail. He still has the string left on there from the S&L festival.
Posted by: Beelzebubba | Mar 26, 2009 at 02:11 PM
The comments to this entry are closed.
What's up with kdrum? Deliberate obtuseness in hopes of spurring discussion?
Posted by: Sven | Mar 26, 2009 at 11:32 AM
Commenters there have some answers, as does Allan Sloan at the "consequences" link above.
Posted by: Ed Cone | Mar 26, 2009 at 12:30 PM
The repeal had to benefit someone. It passed in the Senate 90-8. McCain didn't vote so he could avoid another bunch of cans being tied to his tail. He still has the string left on there from the S&L festival.
Posted by: Beelzebubba | Mar 26, 2009 at 02:11 PM