You got it. This kind of stuff is what led to the Depression. Glass-Steagal was enacted to prevent it from ever happening again.

I hate to get political BUT Republicans are always pushing deregulation.

The Gramm-Leach-Bliley bill passed 54-44. [S. 900, Vote #105, 5/6/99]

Voted Yes

McCain (R-AZ)
Gramm (R-TX)
Santorum (R-PA)
Specter (R-PA)
Kyl (R-AZ)
Craig (R-ID)
Hutchinson (R-AR)
Lott (R-MS)
Cochran (R-MS)
Lugar (R-IN)
Helms (R-NC)
Sessions (R-AL)
Thurmond (R-SC)
Hutchison (R-TX)
Bennett (R-UT)
Hollings (D-SC)

Voted No

Biden (D-DE)
Reid (D-NV)
Boxer (D-CA)
Feinstein (D-CA)
Edwards (D-NC)
Kennedy (D-MA)
Feingold (D-WI)
Breaux (D-LA)
Landrieu (D-LA)
Kerry (D-MA)
Lieberman (D-CT)
Moynihan (D-NY)
Schumer (D-NY)

I disagree with the analogy. The children didn’t have an accident. For instance little Fannie and her brother Freddie have been caught lying and stealing. We are letting them keep the items they stole (their bonuses) and now we are rewarding them with cookies and ice cream with a cherry on top (jobs as consultants and bailouts). I’m sure I could come up with analogies fitting for the other Wallstreet crooks.