Banking Industry

Financial Industry Spends $300 Million on Deregulation Lobbying and Campaign Contributions

1997-01-01 00:00:00 +0000 UTC | Importance: 8/10

In 1997 and 1998, the banking, insurance, and securities industries spend over $300 million to advance financial deregulation, including $58 million in direct campaign contributions to Democratic and Republican candidates, $87 million in soft money contributions to both parties, and $163 million on …

Banking Industry Insurance Industry Securities Industry Democratic Party Republican Party +1 more campaign-finance lobbying financial-deregulation glass-steagall corruption +2 more

S&L Crisis Lessons Documented But Ignored: Stage Set for 2008 Repeat

1990-01-01 00:00:00 +0000 UTC | Importance: 8/10

As the S&L crisis concludes with over 1,000 failed institutions, 1,000+ banker prosecutions, and $160 billion taxpayer cost, government reports and academic studies document clear lessons: deregulation without corresponding risk management enables fraud, moral hazard from deposit insurance …

Financial regulators Congress Banking industry Economics profession s&l-crisis lessons-ignored financial-regulation moral-hazard 2008-crisis