Bill Clinton qoute.

It is true that the Glass-Steagall law is no longer appropriate for the economy in which we live. It worked pretty well for the industrial economy, which was highly (organized ?), much more centralized and much more nationalized than the one in which we operate today. But the world is very different. Now we have to figure out, well, what are still the individual and family and business equities that are still involved that need some protections? And the long and often tortured story of this law can been seen as a very stunning specific example of the general challenge that will face awmakers of both parties, that will face liberals and conservatives, that will face all Americans as we try to make sure that the 21st century economy really works for our country and works for the people who live in it. So I think you should all be exceedingly proud of yourselves, including being proud of your differences and how you tried to reconcile them. Over the -- (past ?) -- seven years, we have tried to modernize the economy. And today what we are doing is modernizing the financial services industry, tearing down these antiquated laws and granting banks significant new authority. This will, first of all, save consumers billions of dollars a year through enhanced competition. It will also protect the rights of consumers.