The Consumerist: Explainers: Blame The Subprime Meltdown On The Repeal Of Glass-SteagallFirst Faved : Apr 17 2008 by drew_sFaved : 1 time with noteViewed : 2 timesFave It!
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A neatly distilled analysis. Not sure it gives proper context, but it is informative.
Quoted: A lot of blame has sloshed around for the sub-prime meltdown, from greedy borrowers to greedy mortgage brokers to Alan Greenspan, but if you want the real culprit, it was the repeal of the Glass-Stegall Act.
Gotta love the crabby old Dutchmen at the Consumerist.
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