New York Times warns that new financial rules could "wreak havoc" -- 1999
From the 11/5/99 New York Times: "CONGRESS PASSES WIDE-RANGING BILL EASING BANK LAWS By STEPHEN LABATON":
''Today Congress voted to update the rules that have governed financial services since the Great Depression and replace them with a system for the 21st century,'' Treasury Secretary Lawrence H. Summers said. ''This historic legislation will better enable American companies to compete in the new economy.''CONGRESS PASSES WIDE-RANGING BILL EASING BANK LAWS (11/5/99)The decision to repeal the Glass-Steagall Act of 1933 provoked dire warnings from a handful of dissenters that the deregulation of Wall Street would someday wreak havoc on the nation's financial system
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