"Dave" wrote in message
...
On Thu, 25 Sep 2008 09:18:21 -0600, "Charles Momsen"
said:

http://www.politico.com/news/stories/0908/13887.html

"If Mica was right, then some leaders of the current debate must have been
wrong. House Speaker Nancy Pelosi (D-Calif.), Majority Leader Steny H.
Hoyer
(D-Md.) ... all voted in 1999 to roll back banking regulations."

1999?

Classic nonsense. You have a lot of people running around now yelling
"Glass-Steagall" as some mystical incantation that will explain all. But
no
one has come up with any sensible causal connection between repeal of
Glass
Steagall and the current problems. Quite the opposite. ML and Bear Stearns
are surviving by becoming part of a bank holding company with banking
subsidiaries having the stability of insured customer deposits as a source
of liquidity. Clinton's remarks got it right this time.

You're absolutely right. So what did you think of the article in the NY Law
Review (Nov 2005) from my other post?