On 16 Sep 2008 16:27:02 -0500, Dave wrote:

On Tue, 16 Sep 2008 17:13:48 -0400, Gogarty said:

How do you say "Glass/Steagall?" Outmoded? No longer relevant to the modern
world? Ha!

Please explain how repeal of Glass-Steagall is responsible in any way for
the current mortgage problems.

While not the whole answer, repeal of G-S allowed mortgage origination
and bond underwriting to live under the same corporate umbrella which
created incentives to originate more mortgages.