The repeal of the Glass-Steagall Act in 1999 by a Republican Congress was a gift to Wall Street

Posted by Sam Glover on April 22, 2008 | Permalink

Last week, Ben Popken at Consumerist suggested that the repeal of the Glass-Steagall Act in 1999 by a Republican Congress was a gift to Wall Street that encouraged banks to issue the sketchy mortgages that, failing spectacularly across the country, have dragged the economy into the toilet.

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