Ah, the Internet. What a wonderful way to keep up with the past. As with the
article published in The New York Times on Friday, November 5, 1999. It
kicked off with this headline:
CONGRESS PASSES WIDE-RANGING BILL EASING BANK LAWS
'Today Congress voted to update the rules that have governed financial
services since the Great Depression and replace them with a system for the
21st century,'' Treasury Secretary Lawrence H. Summers said. ''This historic
legislation will better enable American companies to compete in the new
economy.''
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Sigh. So few dissenters, and they were right. Interesting to look back.
Larry Summers is still mucking with our economy and Chuck Schumer was on the
wrong side, as usual.