It's interesting to note that one of the reasons ('bullshit lines' would be more apt) Gramm and others who pushed for the repeal of Glass-Steagal in 1999 used w

It's interesting to note that one of the reasons ('bullshit lines' would be more apt) Gramm and others who pushed for the repeal of Glass-Steagal in 1999 used was that American banks needed to be deregulated because they would be overtaken by bank from countries with looser regulations. Oh the irony...