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Old 05-11-2012, 09:51 AM   #4
Valuist
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Join Date: Feb 2003
Location: NE Ohio
Posts: 16,487
Why was Glass-Steagel repealed in 1999? If it isn't repealed, there would've never been a need to bail out the commercial banks. You could've let them fail without any risk to the system. Everyone was on board for the repeal: Clinton, Congress, and especially Jamie Dimon, who was still at Citigroup. Citi was the driving force behind it.
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