[Lazamataz]

I’ve heard convincing arguments that the core of the problem lies with the repeal of the Glass–Steagall Act around 1999. Only 8 years later, we had our inevitable crisis.

[Roccus]

I’ve heard convincing arguments that the core of the problem lies with the repeal of the Glass–Steagall Act around 1999. Only 8 years later, we had our inevitable crisis.

BINGO!!

The dynamite (CRF) was already in place, but Gramm-Leach-Bliley (1999) put the match to the fuse.