PSA: Financial article from 1999 not-so-strangely prophetic

Back in 1999 Congress passed landmark legislation that paved the way for the financial collapse of today. Back then they lauded this effort as paving the way to the 21st century. Little did they know (but they should have known) that the 21st century they were paving would be one of joblessness, eviction and foreclosure, cities shutting down whole neighborhoods, and fucking Wall Street banksters (portmanteau word from "bankers" and "gangsters," in the Al Capone sense of the word) laughing at us while we drown in insurmountable debt.

Here's the money quote FTA:

''I think we will look back in 10 years' time and say we should not have done this but we did because we forgot the lessons of the past, and that that which is true in the 1930's is true in 2010,'' said Senator Byron L. Dorgan, Democrat of North Dakota. ''I wasn't around during the 1930's or the debate over Glass-Steagall. But I was here in the early 1980's when it was decided to allow the expansion of savings and loans. We have now decided in the name of modernization to forget the lessons of the past, of safety and of soundness.'' [emphasis mine]

Nuff said. Or maybe not.