Wednesday, June 03, 2009

Byron Dorgan: Hero

Byron Dorgan, Republican [Update:  Nope.  He's a Dem.  Thanks Scooter for catching that.] Senator from North Dakota, presciently warned about the dangers of repealing the Glass-Steagall Act in 1999:
I think we will look back in 10 years' time and say we should not have done this but we did because we forgot the lessons of the past, and that that which is true in the 1930's is true in 2010,'' said Senator Byron L. Dorgan, Democrat of North Dakota.
This article also gives an honorable mention to Minnesota's Paul Wellstone, may he rest in peace, for opposing the repeal.

As I may have mentioned before, there was bipartisan support for the repeal:
One Republican Senator, Richard C. Shelby of Alabama, voted against the legislation. He was joined by seven Democrats: Barbara Boxer of California, Richard H. Bryan of Nevada, Russell D. Feingold of Wisconsin, Tom Harkin of Iowa, Barbara A. Mikulski of Maryland, Mr. Dorgan and Mr. Wellstone.

In the House, 155 Democrats and 207 Republicans voted for the measure, while 51 Democrats, 5 Republicans and 1 independent opposed it. Fifteen members did not vote.

Senator Dorgan now has published a book about the financial crisis that I haven't read yet.


Scooter said...

Dem, perhaps?

Stephanie said...

Oh goodness. Yep. Actually thought he was a Rep.