Re:Regulators Move to Ease Post-Crisis Oversight of Wall Street
by mrguyorama on Thursday March 07, 2019 @04:55PM
(#19332918)
Except there are plenty of people who truly believe that, and it's hard to tell the difference anymore
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Re:Regulators Move to Ease Post-Crisis Oversight of Wall Street
by AnimalMuppet on Thursday March 07, 2019 @05:05PM
(#19333021)
There's plenty of people who believe that Glass-Steagall needs to be repealed? It was repealed in 1999 (the relevant parts, anyway). That's part of how we got to 2008.
Anyone who believes that Glass-Steagall needs to be repealed is literally two decades behind on the news.
That's why I think that it was sarcasm. "We need to remove the post-crisis oversight" is being compared to repeal of Glass-Steagall. That helped create the next (2008) crisis; the implication being that ending the post-crisis supervision will help create the next crisis.