[rstrahan]

If IBD thinks reinstatement of Glass-Stegall is a bad idea...it is a good idea for America. Having seen the beast from inside the repeal of Glass-Stegall led to such financial manipulations and ties across entities that it puts taxpayers on the hook for bad banks risky decisions.

[Toddsterpatriot]

the repeal of Glass-Stegall led to such financial manipulations and ties across entities that it puts taxpayers on the hook for bad banks risky decisions.

Before it was repealed, were taxpayers on the hook when banks wrote crappy mortgages?

[expat_panama]

From the article posted above: ...Glass-Steagall wasn't "repealed."...

From rstrahan's post #2: IBD thinks reinstatement of Glass-Stegall is a bad idea

Some times I feel like I've fallen into a parallel universe...

What's going on is that IBD's just pointing out that the Marxists blame the 2009 crash on deregulation in the form of a GS 'repeal' that never happened.

 I'm not sure which is craziest, believing that GS got repealed in 1999, or that the 1999 wasn't just a pile of new regulations, or maybe it's thinking that regulation is what we want in the first place.

[Chaguito]

And IBD’s suggested alternative is what?