Dave Reichert (R-Washington) has never heard of Glass-Steagall

[JohnRhysMusician]

At least he said he didn't recall what it was. I am not sure what committees he sits on, but I am sure he doesn't sit on financial services so it really isn't his specialty.

Dave Reichert has served the Eastside well. Dave Reichert 2010.

[top20modernrock]

@JohnRhysMusician it's politics fucking 101. Cheer on your igornant leader. The Gramm-Leach-Bliley Act reversed the rules that prohibited bank holding companies from owning other financial firms, and this was voted on by Congresss. Wake up America.

[JohnRhysMusician]

@top20modernrock Dave Reichert was not even in congress when the act was passed. I also know that if Glass-Steagall were brought back the United States would be at a profound disadvantage in global financial markets. The best thing we can do is make sure we have good regulators in place with more refined regulations. The global crisis could have been avoided if we had more people with good integrity overseeing the markets, instead we had people who didn't care enough.

[Politics4Dummies]

at least he didn't say he would post it on his website.