Wasn't sure whether "Conspiracy Theories" or "Political Zoo" was most appropriate on this one... But here goes.
There is currently a post on The Godless Heathen
with an article from the New York Times that was printed in 1999.
In 1999 the Senate, the House, and then the president chose to repeal the Glass-Steagall Act of 1933
. "The decision to repeal the Glass-Steagall Act of 1933 provoked dire warnings from a handful of dissenters that the deregulation of Wall Street would someday wreak havoc on the nation’s financial system. The original idea behind Glass-Steagall was that separation between bankers and brokers would reduce the potential conflicts of interest that were thought to have contributed to the speculative stock frenzy before the Depression."
I think we may have found a true and real prophet! One of the objectors, North Dakota Senator Byron L. Dorgan said "I think we will look back in 10 years’ time and say we should not have done this but we did because we forgot the lessons of the past, and that that which is true in the 1930’s is true in 2010." Well, I guess he was about a year too long on his prediction. But holy shit! They knew it would come, and they didn't care.
Be sure to go read the whole article (if this kind of thing interests you).