Glass-Steagall

Robert Rubin Joins Citigroup for $126 Million After Engineering Glass-Steagall Repeal

1999-10-26 00:00:00 +0000 UTC | Importance: 9/10

Robert Rubin joins Citigroup just four months after leaving his position as Treasury Secretary, shortly after the November 1999 passage of the Gramm-Leach-Bliley Act that repealed Glass-Steagall. Rubin’s move to Citigroup - the principal beneficiary of Glass-Steagall repeal - represents one of …

Robert Rubin Citigroup Sandy Weill Goldman Sachs Treasury Department revolving-door citigroup glass-steagall corruption regulatory-capture +2 more

Time Magazine Celebrates "Committee to Save the World" While They Block Derivatives Regulation

1999-02-15 00:00:00 +0000 UTC | Importance: 8/10

Time Magazine publishes its February 15, 1999 edition featuring Treasury Secretary Robert Rubin, Deputy Secretary Lawrence Summers, and Federal Reserve Chairman Alan Greenspan on the cover as “The Committee to Save the World,” celebrating their management of the 1997-1998 Asian and …

Robert Rubin Lawrence Summers Alan Greenspan Time Magazine Brooksley Born derivatives deregulation financial-crisis media-propaganda regulatory-capture +2 more

NationsBank-BankAmerica $62 Billion Merger Creates First Coast-to-Coast National Bank

1998-09-30 00:00:00 +0000 UTC | Importance: 7/10

NationsBank completes its $62 billion acquisition of BankAmerica Corporation, creating the first truly coast-to-coast national bank in U.S. history and taking the Bank of America name. The merger occurs just one year before the formal repeal of Glass-Steagall, demonstrating how banking consolidation …

NationsBank BankAmerica Federal Reserve Department of Justice Hugh McColl banking-consolidation mergers glass-steagall deregulation market-concentration +1 more