To hear Gingrich actually suggest that the repeal of Glass-Steagall was "probably a mistake" is … remarkable. Especially given how hard he pressed for it during his abortive role as House Speaker.
That someone ever thought it was a good idea to allow the same financial institutions that hold your savings and checking accounts also run much higher risk investment banking business is even more remarkable.
Not that I'd expect Obama to ever suggest doing so, but I have to wonder what level of vitriol would come out from the Right were he to make a similar suggestion that we should reinstate Glass-Steagall regulations. #ddtb
Embedded Link
Gingrich Admits Deregulation Of Wall Street In The ’90s Was ‘Probably A Mistake’
Several of the GOP’s 2012 presidential hopefuls have called — loudly and often — for the repeal of the Dodd-Frank financial reform law, which is aimed at preventing a repeat of the 2008 financial cris…
Probably? Probably? Where’ve you been, Newt? REALLY BAD IDEA, and most were saying that back in 1971.
Well, a broken clock’s still right twice a day.