As with NAFTA, every expert who mattered was on the same page. A retrospective on the banking law published by the Minneapolis Fed in 2000 casually referred to it as “the now infamous Glass-Steagall Act of 1933.” “Almost everybody agreed that Glass-Steagall was an anachronism in a global economy,” proclaimed a 1995 New York Times news story on the effort to repeal the law. “Enacted in 1933 to prevent a recurrence of financial skulduggery that many believed touched off the Great Depression, the act is widely viewed today as a drag on the economy.”35
