"Speaker Gringrich" was instrumental in the economic decline of this country [View all]

[Rosa Luxemburg]

As Speaker of House during the 1990s, Newt Gingrich and the Republican Party were instrumental in killing the Glass-Steagall Act, which separated investment banks and traditional lending banks. The combining of these banks in the wake of the repeal of that regulation led to the economic collapse in 2008. In an interview on ABC with Jake Tapper, Gingrich admitted that deregulating the banking industry was a mistake


http://www.addictinginfo.org/2011/11/09/newt-gingrich-calls-for-reinstating-glass-steagall-admits-deregulating-the-banking-industry-was-a-mistake/

http://my.firedoglake.com/politicalpartypooper/tag/glass-steagall/

http://www.minyanville.com/dailyfeed/2011/11/09/newt-gingrich-regrets-glass-steagall/