Mam pocit ze Obama sa nechal osedlat, nie je to prijemne zistenie ale do ekonomiky sa asi velmi nerozumie.. Summers priamo zrusenie Glass-Steagall-u neinicioval, ale bol minister financii ked doslo k jeho zruseniu a stale podla vsetkeho oddaluje napravu.. Volckera a nezavislu ekonomicku komisiu ktorej ma predsedat a ktoru dal Obama zriadit ako protivahu Summersa a Geitnera sa im zatial dari ignorovat/sabotovat

Viac o ulohe Summersa v '99tom
Which Idiot Decided to Repeal Glass-Steagall?

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On July 2, 1999, Rubin retired and Larry Summers became Treasury Secretary. In October Rubin joined Citigroup where he would eventually be paid over a $115 million.

On July 20, 1999 the House amended S.900 with the contents of their own bill and then the House and Senate sent it conference committee on the 30th where it remained for almost 2 months with no action taken. Reporting on the conference negotiations in the LA Times on November 2, 1999, Robert Scheer wrote:

Only last week, as the bill was being pushed through a congressional conference committee, Treasury Secretary Lawrence H. Summers rushed back from a trip to China to huddle with lobbyists representing Citigroup, Goldman Sachs, Merrill Lynch and other financial giants. The meeting was closed to the media and public, but one participant told the New York Times that Summers lectured the lobbyists on how to spin this bill so it appears to be in the public interest. "He said it would be very unfortunate if any financial institution were to suggest that they do not see the broad public purpose of this legislation," the lobbyist reported.

Finally, during the first week of November, S.900, the Gramm-Leach-Bliley Act, was reported out of committee and passed in the Senate 90-8 and in the House 362 - 57. Glass-Steagall was finally repealed and Democrats as well as Republicans celebrated.