[dirtboy]

If Phil Gramm had not done Enron’s biddding in the first place by getting new commodities exchanges exempted from regulation, the Enron scandal would never have happened in the first place. And although executives went to jail, many, many others lost a ton of money.

[Toddsterpatriot]

If Phil Gramm had not done Enron’s biddding in the first place by getting new commodities exchanges exempted from regulation, the Enron scandal would never have happened in the first place.

The Enron scandal was not due to unregulated exchanges or derivatives. The Enron scandal was lying to fraudulently boost their earnings. Keeping the Glass-Steagall Act intact would have done nothing to stop Enron's fraud.