Today on the podcast we're going to take a little history trip of US financial regulation. Stops include crisis, despair, regulation, stability, crisis, despair (normally in that order). Along the search I stumbled upon a video of the 1999 bill signing for the Gramm-Leach-Bliley Financial Services Modernization Act . This was the bill that allowed financial institutions to combine commercial and investment banking. It's pretty startling to compare the rhetoric here to now.
Video of the signing from C-SPAN, after the jump.
Comments
Discussions for this story are now closed. Please see the Community FAQ for more information.