Miss Molly warned us about the AIGs of the world

Molly Ivins gave us the heads-up at the same time she sounded the alarm about Gramm-Leach-Bliley in particular and Phil ramm in general.

“Too Big to Fail” will be the new order of the day. And guess who gets left holding the bag when they're too big to fail? One of these monsters goes down, and it will cost as much as the whole S&L debacle.

Yep, a full decade ago, some non-economists had more brains than Phil Gramm (not hard), Alan Greenspan and others.