Why did I bring up Glass-Steagall yesterday? When the announcements for the super committee were made I did some digging into each candidate. When I saw that Pat Toomey was one of the people responsible for the repeal of Glass-Steagall I shuddered.
Luckily there are 11 other members on the committee. Most of them are hardcore partisans, but there does seem to be some possibility in a deal making it through. The Republican hand seems a little weaker when it comes to the lines that maybe drawn (no taxes). I guess we’ll see how it goes.
Of course there is always the possibility that congress would just pass a new law abolishing the ‘triggers’ to come and ignore the super committee…. How is that for a conspiracy!?