[quote author="no_vaseline" date=1235617638]I agree. Repealing Glass/Steagall was horrible.
<a href="http://www.investopedia.com/terms/g/glass_steagall_act.asp">http://www.investopedia.com/terms/g/glass_steagall_act.asp</a>
Had we never deregulated the investment banks, this would of never happened.
I have a hard time making up my mind which was dumber - deregulating investment banks, or deregulating the Calfornia utilities.</blockquote>
Yes, it would have. The largest bank, the Federal Reserve, is what caused and enabled interest rate manipulation, asset inflation, and leverage. The MSM is fond of blaming deregulation, but the MSM is wrong as always.