F. George McDuffee wrote:
On Mon, 17 Mar 2008 09:38:39 -0700 (PDT), Too_Many_Tools
wrote:
snip
I also consider that the Party that allowed this to happen...the
Republicans...will pay dearly this November.
snip
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You give the Republicans too much credit.

==The current situation is not a sudden or unexpected event, but
the simply the latest in a increasingly catastrophic series of
events, apparently premised on the adage "more of the same only
better." ==

Glass-Steagall was repealed in 1999, largely setting up this
bubble, on Bill Clinton's watch.
http://en.wikipedia.org/wiki/Glass-Steagall_Act

True, but it passed a congress with Republican majorities in both houses.

Oct.-Nov. 1999
Congress passes Financial Services Modernization Act
After 12 attempts in 25 years, Congress finally repeals Glass-Steagall,