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Revisionist history on Gramm-Leach…

My friend, Paul Kedrosky has been looking at some of the ways that Wikipedia entries on Lehman and Merrill have been changing in recent days.

So while doing some research on the Gramm-Leach-Bliley Act of 1999 that a growing number of people seem to be citing as the spark that started the current crisis of confidence on Wall Street, I was amazed to see the number of times that this 9-year old piece of legislation has been edited in recent days: a whopping 1114 times since Monday, with more than half of those changes (9) coming today. One of the cool things about Wikipedia is that you can see the changes and compare them and clearly there’s a lively debate going on over the genesis of the bill, and by extension, who’s really to blame for the current mess!

Image source: Clerkkids.house.gov