Quote Originally Posted by Ken White View Post
A host of Federal and Federal Reserve initiatives during the 80s (some) and 90s (many) continued the trend and the several laws in the 80s and 90s including but not limited to the Depository Institutions Deregulation and Monetary Control Act, 1980; the Garn-St. Germain Depository Institutions Act, 1982 (The S&L debacle...) and of course, the Gramm-Leach-Bliley Act in 1999 which eliminated Glass-Stegall and which had been pushed by Robert Rubin and Larry Summers and was signed by Clinton.


There's enough egg in this one for everyone's face...
I agree that there's plenty of egg to be worn by a host of folks, not least of whom is "we the people."

I think the really instructive point, which Ken captures in this paragraph, is that the efforts by the Rubin/Summers/Clinton gang represent an effort to pass off fiscal and monetary policy for an economic policy (which the US did not have during the Clinton White House). They ain't the same thing, and shame on those of us who got hoodwinked into believing they are/were.