Reply #49: I'm glad we agree that it should not have been repealed.

[sabrina 1]

And when it was, the Gramm/Blilely Bill was touted, as this one is, as a bill that had protections in it against the kind of corruption that Glass/Steagal was meant to prevent. As we know now, that was not the case.

As for the Savings and Loan crisis, there were laws under which people were held accountable when they were caught. So far, no one has been accountable for the massive corruption that has toppled the country's economy under Gramm/Blilely that I am aware of.

As for moving on from the rescinding of Glass/Steagal, I disagree. There are lessons to be learned from what happened, from the drive for more deregulation.

After what just happened in this country, and around the world, this was the time to get a bill that would ensure that there are no loopholes for Wall St. to jump through. The country has been waiting for such a bill and for some accountability. This bill has enough loopholes that more corruption is almost guaranteed as happened, despite claims to the contrary, after Gramm/Blilely.

As for Dorgan signing this bill, he is leaving the Senate, having been betrayed on the Health Care Bill and having seen his predictions come true on Gramm/Blilely, I don't blame him for simply accepting that the system is so corrupt this may be the best we can get as he knows his colleagues are not going to fight for anything better.

So now it's up to the people. We know now how things are. And we, the people, have to decide what to do about it. Dorgan tried and failed, not once but twice on some very important legislation. He was right both times. I hope he puts his efforts into finding a way to effect real change away from the toxic and corrupt atmosphere of DC where too much Wall St. money is still buying Congress.