”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,”
-Byron Dorgan (D- North Dakota) in November of 1999
He said this in light of the repeal of Glass-Stegal, which many people (including myself) think of as the catalyst for so much of the insanity that is happening right now.
If you want a flashback, here’s the NY Times article from when that legislation happened.
