You should add, partypup, that repeal of the Glass-Steagall Act was signed into law by *cough* Bill Clinton….[/quote]
The funny thing about that, and I am not partisan at all, is that it was done under the Republican manta of “deregulation for the free market”, that’s how they sold it. See what happens when the work together.
The bill that ultimately repealed the Act was introduced in the Senate by Phil Gramm (Republican of Texas) and in the House of Representatives by Jim Leach (R-Iowa) in 1999. The bills were passed by Republican majorities on party lines by a 54-44 vote in the Senate[12] and by a 343-86 vote in the House of Representatives[13]. After passing both the Senate and House the bill was moved to a conference committee to work out the differences between the Senate and House versions. The final bill resolving the differences was passed in the Senate 90-8 (1 not voting) and in the House: 362-57 (15 not voting).
