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What is it with Texas politicians and the banking industry?
I thought Texans were supposed to be all about cattle and oil. Yet over the decades it seems like they are first in line, shoving themselves even in front of New Yorkers, to provide whatever aid, assistance, and comfort that big banks require. It’s bizarre.
The most famous example, of course, being the Gramm–Leach–Bliley Act in 1999, championed by this genius:
When public “servants” are whoring themselves out to any particular industry, they couch it in the mask of freedom and progress. This was no exception, as Senator Gramm said at the time: (more…)