Saturday, March 21, 2009

Molly Ivins warned about the banking collapse in 1999

10 years ago, the late, great Molly Ivins saw potential disaster in Phil Gramm's repeal of the Glass-Steagall act. In a prophetic 1999 column, Ivins calls bankers "among the stupidest people on God's green earth", predicting that Gramm's legislation would result in abusive institutions that were "too big to fail."

read more | digg story

No comments: