"Guess it's time to un repeal Glass-Steagle that was repealed in 1999, just before the stock market crash and ensuing 2000 recession that GWB inherited."

The repeal you speak of Sawzaw ,was a Republican manoeuver to give away the "candy store"

From Wikipedia:

"The bills comprising the act were introduced in the Senate by Phil Gramm (R-TX) and in the House of Representatives by James Leach (R-IA). The bills were passed by a 54-44 vote along party lines with Republican support in the Senate[1] and by a 343-86 vote with in the House of Representatives."

This was a veto-proof majority in a Republican controlled Congress. I would be very hesitant to cite Phil Gramm as any kind of reliable financial expert.

BTW, where did you copy your second statement from?