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Andrew C to Andrew's feed, US Politics
Hullabaloo: Remember, Remember The Fifth of November - http://digbysblog.blogspot.com/2009...
November 5
from Bookmarklet
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"Ten years ago today, they repealed [Glass-Steagall]."
- Andrew C
from Bookmarklet
Whoa, John Reed steps up. http://www.bloomberg.com/apps... "Lawmakers were wrong to repeal the Depression-era Glass- Steagall Act in 1999, Reed said. At the time, he supported overturn of the law, which required the separation of institutions that engaged in traditional customer banking services from those involved in capital markets. "We learn from our mistakes," said Reed, who wrote an Oct. 21 letter to the editor of the New York Times endorsing a division of banking activities. "When you're running a company, you do what you think is right for the stockholders. Right now I'm looking at this as a citizen." "
- Andrew C