Sep 232009
Corbis/Bettmann, left ; Justin Lane for The New York Times
DONE AND UNDONE In 1933, left, Franklin Roosevelt signed the law that separated banks from securities firms. In 1999, Bill Clinton signed the bill that undid the separation.
Throughout the history of American commercial life, one cultural trait has tended to dominate: Americans are optimists, a people prone to seeing the glass as not merely half-full but rapidly expanding, and bearing liquid that might yet be turned into gold.
The Crisis and the U.S.’s Casino Culture – Peter Goodman, New York Times
