Right and the commenter I was responding to was focused on the role of Presidents, not Congress.

I was disagreeing that “Republican Presidents” were primarily to blame for banking deregulation when Carter and Clinton had both signed deregulation bills, including the repeal of Glass-Steagall. Clinton has signaled his support for repeal from as early as 1995. Clinton has since defended this decision and insisted it didn’t contribute to the Great Recession.

So I stand by the conclusion that that Democratic Presidents don’t have a better record than GOP presidents when it comes to major banking deregulation. However, I also disagree with your congressional analysis - the bill was already stalled before joint negotiations. The final version passed 90-8 in the Senate - I don’t support the idea that a Democratic Senate would have killed the bill beyond all negotiation given that President Clinton had been in support of repeal.

Also serves as a handy chart of the life cycle of Glass-Steagall.

Yes and no.

The waves correspond IMO to the weakening of Glass-Staegall for sure.

But Republican Presidents aren’t necessarily the chief culprits. DIDMCA was signed by Carter and Glass-Steagall was repealed by Clinton. Reagan and Bush did more than their fair share, but banking deregulation was definitely a bipartisan affair.