Populist Reform of the Democratic Party

IMO, not especially accurate or useful to the 99%. We have been well-trained to do that, but it's not the whole truth. The whole truth is more useful to the 99% than the "bad Republican" default to which we've been conditioned.

Yes, Republicans proposed that bill, but, as we Democratic voters know all too well, proposing a bill is certainly no guaranty of passage. Republicans did not control either the sixty Senators needed for cloture or the Presidential pen.

A Democratic White House (specifically, the first New Democrat White House) lobbied hard to pass that bill and 90 out of 100 Senators voted for it, as did a majority of the House that included many Democrats. Among those in the White House pushing most for it were Summers and Sperling, both hired by the second New Democrat White House, even after the consequences of repeal of Glass Steagall had manifested in several countries, including ours, during 2008.