Somebody knew. He knew it in 1999 when it happened.

Roland99

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Fri Aug-05-11 08:51 PM
Original message

Somebody knew. He knew it in 1999 when it happened.

Byron Dorgan (D-ND) on the repeal of Glass-Steagall

http://www.sourceoftitle.com/blog_node.aspx?uniq=464

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Brickbat

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Fri Aug-05-11 08:57 PM
Response to Original message

1. K&R.

Shameful.

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sabrina 1

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Fri Aug-05-11 08:57 PM
Response to Original message

2. He was one of only seven democrats who voted against the

repeal. And he was eerily right about the ramifications of what they did, ten years before it happened.

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Roland99

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Fri Aug-05-11 09:26 PM
Response to Reply #2

5. he laid out a roadmap for what did occur.

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sabrina 1

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Fri Aug-05-11 11:02 PM
Response to Reply #5

9. And no one listened to him.

I wonder how frustrating it is for him now to see his predictions come true. And I wonder why only eight Senators, I think it was one Republican and seven Democrats, voted against it.

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mzmolly

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Fri Aug-05-11 09:19 PM
Response to Original message

3. Let's not forget the Bush tax cuts and deregulation

that followed this repeal.

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Roland99

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Fri Aug-05-11 09:26 PM
Response to Reply #3

4. tax cuts which his own Sec. of Treasury wanted tied to surplus triggers

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mzmolly

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Fri Aug-05-11 09:30 PM
Response to Reply #4

6. So much

for that idea.

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Roland99

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Fri Aug-05-11 10:04 PM
Response to Reply #6

8. Greenspan didn't put up much, if any, of a fight to tie them to surplus triggers

which one should have been at the Fed, eh?

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Zax2me

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Fri Aug-05-11 09:33 PM
Response to Original message

7. passed by a 343–86 vote in the house.

Adding, lax subprime mortgage rules didn't help.

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Festivito

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Sat Aug-06-11 05:25 PM
Response to Reply #7

11. Veto proof. Worth losing clout then, or keeping bragging rights for now?

Better to keep the power when you have it.

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girl gone mad

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Fri Aug-05-11 11:09 PM
Response to Original message

10. k & r

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