From the Big Picture guys, here's video of Democratic Senator Byron Dorgan talking about the Gramm-Leach-Bliley Act of 1999, aka the "Financial Modernization Act"...a big huge chunk of How We Got Into This Mess In The First Place.
Senator Dorgan says "In ten years, I think we will in time say 'We should not have done this'."
He was wrong of course.
It only took us nine years to greatly regret this legislation.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment