Gramm-Leach-Bliley Act Repeals Glass-Steagall, Enables 2008 Crisis
President Bill Clinton signs the Gramm-Leach-Bliley Act (Financial Services Modernization Act) into law on November 12, 1999, repealing key provisions of the Glass-Steagall Act of 1933 that separated commercial banking from investment banking and insurance. The Senate passes the final bill 90-8 on …
Phil Gramm
Jim Leach
Thomas J. Bliley Jr.
Bill Clinton
Robert Rubin
+4 more
deregulation
regulatory-capture
neoliberalism
banking-deregulation
financial-crisis-precursor
+3 more
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