Quote of the Day

Posted on 11/05/2009 at 2:31 pm by Bob Cesca

”I think we will look back in 10 years’ time and say we should not have done this but we did because we forgot the lessons of the past, and that that which is true in the 1930′s is true in 2010. I wasn’t around during the 1930′s or the debate over Glass-Steagall. But I was here in the early 1980′s when it was decided to allow the expansion of savings and loans. We have now decided in the name of modernization to forget the lessons of the past, of safety and of soundness.” —Senator Byron Dorgan (D-ND) on November 5, 1999 following the passage that day of Gramm-Leach-Bliley

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  • bibimimi

    It’s mourning in Amerika.Phil Gramm [and his wife Wendy Enron] should be in prison. We’ve all been robbed.

  • Rogect8

    Bob -There is a banner ad for Blue Cross Blue Shield of North Carolina at the top of your homepage right now. Wasn’t sure if you’d care or would want to try and get that kinda shit off of there or whatever…just figured I’d give you a heads up.