Clinton Signs Commodity Futures Modernization Act, Cementing Derivatives Deregulation
President Bill Clinton signed the Commodity Futures Modernization Act (CFMA) into law on his last day before Christmas recess, completing the deregulation of the derivatives market that Brooksley Born had warned against two years earlier. The legislation, inserted into a 10,000-page authorization …
Bill Clinton
Lawrence Summers
Phil Gramm
Alan Greenspan
Wall Street derivatives dealers
derivatives
deregulation
cfma
financial-crisis
credit-default-swaps
+1 more
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