Was That Your Celebrated Summers?

From thismodernworld, a 1999 NY Times article about repealing Glass-Steagall:

Congress approved landmark legislation today that opens the door for a new era on Wall Street in which commercial banks, securities houses and insurers will find it easier and cheaper to enter one another’s businesses …

“Today Congress voted to update the rules that have governed financial services since the Great Depression and replace them with a system for the 21st century,” Treasury Secretary Lawrence H. Summers said. “This historic legislation will better enable American companies to compete in the new economy.”

The decision to repeal the Glass-Steagall Act of 1933 provoked dire warnings from a handful of dissenters that the deregulation of Wall Street would someday wreak havoc on the nation’s financial system.

LOL, God bless those handful of dissenters with their dire warnings, forever lurking around in the lower depths of news articles, spreading doom and gloom.

By the way, I forgot how short Bob Mould’s guitar strap was; LOL, his flying V is flying pretty high up in the sky there, pretty far from the ground, cruising altitude 40,000 feet, LOL.