[American Quilter]

Google the Gramm-Leach-Bliley Act.(1999) That was the one that repealed the Glass-Steagal Act and allowed banks to merge with Ins. groups. (Citicorp and Travelers Group)

I didn't know this. Phil Gramm was in on it??? That's really disappointing. Thanks for providing the info, Roccus.

Heavily lobbied by Treas. Secy. Rubin and Sanford Weill of Citicorp so that the merger would not meet congressional dis-approval. Rubin quit soon after passage and went to Citicorp.

That's disgusting.

[Roccus]

Another excellent source comes to us from that bastion of conservatism....the Village Voice. Lots of info here

http://www.villagevoice.com:80/2008-08-05/news/how-andrew-cuomo-gave-birth-to-the-crisis-at-fannie-mae-and-freddie-mac/