25 Years in 25 Days (1999): The Repeal of Glass-Steagall

(Feb 3, 1993) Labor Secretary Robert Reich points to a chart as economic advisor Laura Tyson looks on

This fall, the Brian Lehrer Show is marking 25 years of Brian at WNYC with a year-by-year look at stories that mattered from 1989 to 2014. Find the full schedule and lots more here.


Robert Reich,  professor of Public Policy at UC-Berkeley and former Labor Secretary under Bill Clinton administration, looks back at a 1999 story that didn't get much attention at the time but sowed the seeds for the financial crisis -- the repeal of the Depression-era Glass-Steagall law that separated commercial from investment banking.