And While We Are Discussing Corruption... Perhaps Carl Levin Can Disclose His Yea Vote For Gramm-Leach-Bliley (S.900)

Does Goldman deserve the theatrical roasting it has been subjected to all day? Of course. Will anything come out of it? Not too likely, especially with our president, who made a whirlwind global tour on the Volcker Rule, and now is aggressively backtracking behind the shadow of his teleprompter (or at least until the next Massachussettes emerges, and the next, and the next). Yet in order to keep a fair and balanced perspective on things, it may behoove those watching Carl Levin's sanctimonious monologues to realize that the November 4, 1999 vote on S. 900, better known as the Gramm-Leach-Bliley Act, received Senator Levin's full endorsement. If Goldman is the pure, unadulterated evil it is today, it is so only because of idiotic Senators who were corrupt, or stupid enough, or both, to let GLB pass when it did, and usher in the era of unbridled prop trading/hedge funding by banks with full access to the discount window and taxpayer bailouts.

Any attempt at fixing Goldman must begin with reinstating Glass-Steagal - period. Anything and everything else is smoke and mirrors. Yes it will be painful (for the banks), and yes it will cost massive equity losses due to forced spin offs (for bank shareholders), but it will prevent the next scapegoating circus after the fact. How about we preempt these things from happening for once? That said, we applaud the 8 out of 100 senators who had the foresight to not sell their country's future to the banking cabal.

From Govtrack.us (funny, when it should really be dot com)

 

Vote Details

Vote StateRepresentative
Alabama
YeaALSessions, Jefferson [R]
NayALShelby, Richard [R]
Alaska
YeaAKMurkowski, Frank [R]
YeaAKStevens, Ted [R]
Arizona
YeaAZKyl, Jon [R]
Not VotingAZMcCain, John [R]
Arkansas
YeaARHutchinson, Tim [R]
YeaARLincoln, Blanche [D]
California
NayCABoxer, Barbara [D]
YeaCAFeinstein, Dianne [D]
Colorado
YeaCOAllard, Wayne [R]
YeaCOCampbell, Ben [R]
Connecticut
YeaCTDodd, Christopher [D]
YeaCTLieberman, Joseph [D]
Delaware
YeaDEBiden, Joseph [D]
YeaDERoth, William [?]
Florida
YeaFLGraham, Bob [D]
YeaFLMack, Connie [?]
Georgia
YeaGACleland, J. [D]
YeaGACoverdell, Paul [?]
Hawaii
YeaHIAkaka, Daniel [D]
YeaHIInouye, Daniel [D]
Idaho
YeaIDCraig, Larry [R]
YeaIDCrapo, Michael [R]
Illinois
YeaILDurbin, Richard [D]
PresentILFitzgerald, Peter [R]
Indiana
YeaINBayh, Evan [D]
YeaINLugar, Richard [R]
Iowa
YeaIAGrassley, Charles [R]
NayIAHarkin, Thomas [D]
Kansas
YeaKSBrownback, Samuel [R]
YeaKSRoberts, Pat [R]
Kentucky
YeaKYBunning, Jim [R]
YeaKYMcConnell, Mitch [R]
Louisiana
YeaLABreaux, John [D]
YeaLALandrieu, Mary [D]
Maine
YeaMECollins, Susan [R]
YeaMESnowe, Olympia [R]
Maryland
NayMDMikulski, Barbara [D]
YeaMDSarbanes, Paul [D]
Massachusetts
YeaMAKennedy, Edward [D]
YeaMAKerry, John [D]
Michigan
YeaMIAbraham, Spencer [?]
YeaMILevin, Carl [D]
Minnesota
YeaMNGrams, Rod [?]
NayMNWellstone, Paul [D]
Mississippi
YeaMSCochran, Thad [R]
YeaMSLott, Trent [R]
Missouri
YeaMOAshcroft, John [?]
YeaMOBond, Christopher [R]
Montana
YeaMTBaucus, Max [D]
YeaMTBurns, Conrad [R]
Nebraska
YeaNEHagel, Charles [R]
YeaNEKerrey, J. [?]
Nevada
NayNVBryan, Richard [?]
YeaNVReid, Harry [D]
New Hampshire
YeaNHGregg, Judd [R]
YeaNHSmith, Bob [R]
New Jersey
YeaNJLautenberg, Frank [?]
YeaNJTorricelli, Robert [D]
New Mexico
YeaNMBingaman, Jeff [D]
YeaNMDomenici, Pete [R]
New York
YeaNYMoynihan, Daniel [?]
YeaNYSchumer, Charles [D]
North Carolina
YeaNCEdwards, John [D]
YeaNCHelms, Jesse [R]
North Dakota
YeaNDConrad, Kent [D]
NayNDDorgan, Byron [D]
Ohio
YeaOHDeWine, Michael [R]
YeaOHVoinovich, George [R]
Oklahoma
YeaOKInhofe, James [R]
YeaOKNickles, Don [R]
Oregon
YeaORSmith, Gordon [R]
YeaORWyden, Ron [D]
Pennsylvania
YeaPASantorum, Richard [R]
YeaPASpecter, Arlen [R]
Rhode Island
YeaRIChafee, Lincoln [R]
YeaRIReed, John [D]
South Carolina
YeaSCHollings, Ernest [D]
YeaSCThurmond, J. [R]
South Dakota
YeaSDDaschle, Thomas [D]
YeaSDJohnson, Tim [D]
Tennessee
YeaTNFrist, William [R]
YeaTNThompson, Fred [R]
Texas
YeaTXGramm, Phil [R]
YeaTXHutchison, Kay [R]
Utah
YeaUTBennett, Robert [R]
YeaUTHatch, Orrin [R]
Vermont
YeaVTJeffords, James [I]
YeaVTLeahy, Patrick [D]
Virginia
YeaVARobb, Charles [?]
YeaVAWarner, John [R]
Washington
YeaWAGorton, T. [?]
YeaWAMurray, Patty [D]
West Virginia
YeaWVByrd, Robert [D]
YeaWVRockefeller, John [D]
Wisconsin
NayWIFeingold, Russell [D]
YeaWIKohl, Herbert [D]
Wyoming
YeaWYEnzi, Michael [R]
YeaWYThomas, Craig [R]

h/t Bobby