Saturday, November 07, 2009

Oops, sorry.

Lawmakers were wrong to repeal the Depression-era Glass- Steagall Act in 1999, Reed said. At the time, he supported overturn of the law, which required the separation of institutions that engaged in traditional customer banking services from those involved in capital markets.

So we told Mr. Sandy Weill in an email a year or so ago. He never responded.


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