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To: Mo1
This past November, President Clinton signed into law the Financial Services Modernization Act, thereby repealing the 1933 Glass-Steagall Act and permitting commercial banks, securities firms and insurance companies to merge with each other on a scale not seen since the 1929 stock market crash. In reporting of this watershed moment, the mainstream press refused to offer any criticism of the substance of the legislation or the corrupt political process that brought it about.

You need to remember that repeal of Glass-Steagall was a Republican priority for 40 years.

So9

464 posted on 07/23/2002 11:16:13 AM PDT by Servant of the Nine
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To: Servant of the Nine
yes I am aware of the republicans being involved .. doesn't mean I still like it

I have the feeling this is another savings & loan mess we are dealing with

We can't afford for Citi-Group to go down and I have a sick feeling the Clinton Gang knew this also
470 posted on 07/23/2002 11:21:16 AM PDT by Mo1
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