Until 2008, when Neocons Scum tried to blame the financial collapse on Barney Frank, Bill Clinton and the Democrats, I don't believe there was a winger in America who had a hint of a clue what Glass Steagall was, or how and why sections of it were repealed.
Certainly no winger realized that the Glass Steagall provisions separating banks from brokerages was crippled before formal repeal in 1999. For instance, Citibank’s 1998 affiliation with Salomon Smith Barney, one of the largest US securities firms, was permitted under the Federal Reserve Board’s then existing interpretation of the Glass-Steagall Act.
You guys really should stop believing all the shit they feed you. It's embarrassing!
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