Reply #223: Too true,

[billh58]

but the erosion of Glass-Steagall began under Ronny Raygun's "trickle-down" madness in the 1980s, and by the time Slick Willy got his hands on it, it was already toothless:

http://news.briefing.com/GeneralContent/Investor/Active/ArticlePopup/ArticlePopup.aspx?ArticleId=NS20080918123245AheadOfTheCurve

Deregulation began with the Kristol/Raygun/Gingrich neoconservative movement (they fired Volker for not supporting deregulation), and the Bush/Rove/Gingrich/Delay neoconservatives showed their reverence to Raygun by continuing the policy at every opportunity. They have controlled the Congress, the Oval Office, or both, for the better part of the past three decades, and deregulation along with obscene tax cuts for the top 1% in this country, have been their stock-in-trade.

I also recognize that Bill Clinton's "triangulation," and the advent of the neoconservative wing of the Democratic Party, the DLC, was part and parcel of this treasonous movement to destroy the Labor Movement and the Middle Class in the USA.