[Roccus]

This was made legal when Glass-Steagall was repealed by Bill Clinton.

Though Clinton signed it, the Gramm-Leach-Bliley Act of 1999 (all three Republicans) was passed by the Republican controlled Congress.

There is plenty of blame to go around.

[dixjea]

“This was made legal when Glass-Steagall was repealed by Bill Clinton.

Though Clinton signed it, the Gramm-Leach-Bliley Act of 1999 (all three Republicans) was passed by the Republican controlled Congress.

There is plenty of blame to go around.”

You are right.

Generally I favor deregulation, but I am not a complete libertarian, just a conservative. I think government’s role is to make some laws to protect us from
predatory get rich quick schemes that the general public may not fully understand, and against selling insurance with no backing. It took the period after the civil war with its rampant fraud, to develop and pass Glass-Steagall. It was a good law that served us well and should be re instituted.