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If you want to blame somebody for this meltdown, blame Phil Gramm. His sleight of hand legislation in 1999 was the beginning of this end.
Senator Gramm stripped a key part of a wisely crafted bill from the 1930s that has been protecting our mainline banking system for nearly 3/4 of a century.
I hope John McCain understands this and gets himself as far away as possible from the cancerous ideas of Gramm.
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