"Dave" wrote in message
...
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.


First or Second Act? There's probably no direct linkage, but as I recall,
they were interested in protecting the economy from speculation that
resulted from large commercial banks collapsing. I'm thinking second, since
the first was more about insuring deposits... again, all recollection, so I
could have it backwards.

--
"j" ganz @@
www.sailnow.com