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The second pig, or the bearded Mister. Corporate Pig, officially escaped the particular fence of regulation when Miss Piggy sent a veto-proof bipartisan bill to repeal the Glass-Steagall Act of 1933, which had separated commercial banking from risky Investment Banking. This allowed the bearded pig to offer stinky speculative securities and gutted collaterals mortgaged on unsecured profits of virtual stock and commercial banking markets that never actually existed.
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