It's a time of peace and joy for everyone, it seems, save those working for Glass-Steagall repeal. Despite the best efforts of House Banking Committee Chairman Jim Leach and his supporters, the Glass-Steagall bill is dying a slow, ugly death and only a miracle can save it.

This past week, Rep. Leach tried desperately to breathe life into the measure, and for a few brief moments it looked as though he might be succeeding. A compromise was floated around - actually, several versions of the compromise - only to run into the unhappy reality that no one liked it.

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