TWO PIGS TO FLAIL

TWO PIGS TO FLAIL: In a recent interview with Rolling Stone President Obama directly criticized Matt Taibbi's article earlier this year on the Dodd-Frank Wall St. reform legislation over what Taibbi calls the "red herring" of Obama's claim that the collapse of Lehman Brothers had nothing to do with the 1990's repeal of Glass Steagall- the law that used to separate commercial and investment banks- because Lehman wasn't such an institution. Taibbi's blog post last week refutes Obama's claim and reminds us of what really happened.