From Wikipedia: The legislation he is perhaps best known for is Gramm-Leach-Bliley which is considered one of the seminal pieces of banking legislation of the 20th century. Gramm-Leach-Bliley (1999) overturned part of the Glass-Steagall Act of 1933 which separated commercial and investment banking. Glass-Steagall was passed in 1933 to curb excessive risk-taking and conflicts of interests which contributed to the Great Depression. The passage of Gramm-Leach-Bliley has been criticized as contributing to the subprime mortgage crisis.
They can have him...
18 posted on 08/26/2008 7:06:44 PM PDT by BlueNgold
(... Feed the tree!)