Who Said This, When, and About What?

| “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.” That’s Sen. Byron Dorgan (D.-North Dakota), from a 1999 Times article on the repeal of the Glass-Steagall Act. The repeal was a major step toward deregulating the banking industry, which probably helped germinate our current financial mess, and (unintentionally) contained the damage somewhat as the meltdown began. (HT: GOOD) [%comments]