WebApr 6, 2024 · Reinstating Glass-Steagall has broad bipartisan support, and it's time to get it done." "Since core provisions of the Glass-Steagall Act were repealed in 1999, a culture of excessive risk-taking has taken root in the banking world, placing the financial security of millions of hardworking American taxpayers at risk," said Senator McCain. WebAug 23, 2016 · Some people blame the crisis on the 1999 repeal of the 1934 Glass-Steagall Act, which had segmented investment and commercial banking in an effort to limit risk taking. In our view,...

The controversial Glass-Steagall Act...in 2 minutes - CNNMoney

WebNov 12, 2009 · “By the time the Glass-Steagall Act was repealed in 1999, the $300 million lobbying effort that drove deregulation was more about facilitating mergers than creating … WebJun 16, 2009 · Then someone said Glass-Steagall was anachronistic, just when old snake-oil wanted to do a good turn for his buddies. Barclays, like its US counterpart Bank of America, is in breach of the US Glass-Steagall Act provisions, but they were repealed in 1999 by the snake-oil salesman from Hope in Arkansas in 1999. pediatric dentists in richmond virginia

10 Years Later, Looking at Repeal of Glass-Steagall

WebMay 8, 2003 · A chronology tracing the life of the Glass-Steagall Act, from its passage in 1933 to its death throes in the 1990s, and how Citigroup's Sandy Weill dealt the coup de grâce. ... 1998-1999. Intense ... The Glass–Steagall legislation was enacted by the United States Congress in 1933 as part of the 1933 Banking Act, amended as part of the 1935 Banking Act, and most of it was repealed in 1999 by the Gramm–Leach–Bliley Act (GLBA). Its protections and restrictions had also been chipped away during most of its existence by lenient regulatory interpretations and use of loopholes. After Glass–Steagall's 1999 repeal, there was a great deal of discussion in the banking and securitie… Web1980s and 1990s undermined Glass-Steagall's structural barriers, and Congress repealed the most important provisions of Glass-Steagall in 1999 by passing the Gramm-Leach-Bliley Act (GLBA). 6. Since the financial crisis, there has been a lively debate on the question of whether the removal of Glass-Steagall's structural barriers meaning of shrapnel