Both Raghu and Louis have now blamed or cited an article that blames the repeal of Glass-Steagall in part for the present crisis. I understand the polemical argument made by polemicists against "deregulation" -- all is fair in politics -- but I expect better from the members of this list. Please, somebody, give me a serious argument of how the repeal had anything to do with the present crisis. Not an argument why repeal was bad public policy, but why it was a contributing cause to this crisis.
David Shemano _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
