Vic is keeping me on my toes. Glass Steagall’s revocation in the 1990’s may have been a Republican talking point but Democrat President Bill Clinton signed it into law. This wikipedia link Vic sent me gives a good history and clearly demonstrates that Republicans not Democrats were the driving force behind its revocation.
I didn’t realize that one of my good moderate sensible Republican heroes, Rep. Jim Leach, of Iowa was one of the Bill’s authors. (Leach spoke at the Democratic convention for Obama) Mania’s, like the Red Plan, can occasionally pull sensible people into their grasp.