Bonus: Sen. Phil Gramm on Banking Deregulation
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The Graham Leach Bliley Act Was Approved With the Support of Ruben
Ruben Navarrette: I don't think the money made from running a bank had anything to do with Graham Leach Bliley. The bill was not written when he was a Secretary of the Treasury. It was written when Larry Summers was Secretary of the treasury, and Bill Clinton was President. He says Fannie and Freddie were the stupid guy who showed up at the party at the end and got caught by the police. And then they were blamed to start the party,. But they were the late comments who were not even drunk by the time they show up.
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