Obama: I don't want the folks who created the mess to do a lot of talking

Freepers are on it like white on rice.

New York Times on the 1999 repeal of the Glass-Steagall Act:
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http://www.thismodernworld.com/4731

Congress approved landmark legislation today that opens the door for a new era on Wall Street in which commercial banks, securities houses and insurers will find it easier and cheaper to enter one another’s businesses…

“Today Congress voted to update the rules that have governed financial services since the Great Depression and replace them with a system for the 21st century,” Treasury Secretary Lawrence H. Summers said. “This historic legislation will better enable American companies to compete in the new economy.”

The decision to repeal the Glass-Steagall Act of 1933 provoked dire warnings from a handful of dissenters that the deregulation of Wall Street would someday wreak havoc on the nation’s financial system.

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Today, Larry Summers is Director of the White House's National Economic Council.