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 anotherâ€™s businesses â€¦
â€œToday 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,â€ Treasury Secretary Lawrence H. Summers said. â€œThis historic legislation will better enable American companies to compete in the new economy.â€
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 nationâ€™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.