Byron Dorgan's Crystal Ball

[1979Shocker]

Some quotes back in 1999 from Senator Dorgan speaking against the 1999 Financial Modernization Act.

...we are, with this piece of legislation, moving towards greater risk.

...we are deliberately, and certainly with this legislation, moving towards inheriting much greater risk in our Financial Services industries.

I think we will in ten years time look back and say we should not have done that, because we forgot the lessons of the past.

http://www.youtube.com/watch?v=w2nZbo8SKbg

[ABC]

Yea, yea, yea.

But neither he nor anyone else has made a credible case that what was passed has had anything to do wtih the current situation.