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Re: Repeal of the Glass-Stiegel Act (NT)

Posted by John on September 19, 2008 at 8:17 AM

In Reply to: Re: Repeal of the Glass-Stiegel Act (NT) posted by Patty on September 16, 2008 at 10:42 AM

I'm sorry, I thought the topic is the repeal of the Glass-Steagall Act. I was only correcting the earlier misconception that the repeal was initiated by the Democratic party. It was repealed by a group of Republicans, the sponsor being Phil Gramm, who is currently McCain's economic guru. It passed the Republican controlled congress by such a large margin that President Clinton could not veto it. You have to be cautious about the information you receive from Rush Limbaugh because he's a dope.



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