General Discussion

leftstreet

(40,744 posts)

64. Try 1999. Glass-Steagall repeal

Wed Oct 22, 2014, 05:12 PM

Oct 2014

The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999 and commonly pronounced ″glibba″, (Pub.L. 106–102, 113 Stat. 1338, enacted November 12, 1999) is an act of the 106th United States Congress (1999–2001). It repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. With the passage of the Gramm–Leach–Bliley Act, commercial banks, investment banks, securities firms, and insurance companies were allowed to consolidate. Furthermore, it failed to give to the SEC or any other financial regulatory agency the authority to regulate large investment bank holding companies.[1] ”The legislation was signed into law by President Bill Clinton.

http://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

88 replies

= new reply since forum marked as read

Highlight:

3,000 Flock To See Bill Clinton and Alison Grimes While McConnell Rally Draws Crickets [View all] babylonsister Oct 2014 OP

no wonder we are seeing the negative threads start popping up now JI7 Oct 2014 #1

Or maybe some Democrats here legitimately don't like her running from our President. MontyPow Oct 2014 #28

Or maybe some Democrats here ... NanceGreggs Oct 2014 #79

True. MontyPow Oct 2014 #81

There are all kinds of people on DU ... NanceGreggs Oct 2014 #82

Sure. MontyPow Oct 2014 #83

Clairvoyant as well. NanceGreggs Oct 2014 #84

The only wasted vote is the one cast for someone who doesn't reflect your values. MontyPow Oct 2014 #85

No, the wasted vote is cast ... NanceGreggs Oct 2014 #86

I believe in white privilege in most instances but should that be a litmus test for being a davidsilver Apr 2015 #88

Republicans should Bypass Charade and Tour Country Clubs for Check Signing Receptions Stallion Oct 2014 #2

not surprised annabanana Oct 2014 #3

Good sign Robbins Oct 2014 #4

+ 1,000 Perfection is the enemy of progress. Scuba Oct 2014 #13

Gotta hand it to Bill Clinton, he's still the rock star. NaturalHigh Oct 2014 #5

He bites that bottom lip....and all the ladies in the room swoon....to this day! VanillaRhapsody Oct 2014 #6

Not even, at least not me. I like that he's a good babylonsister Oct 2014 #12

Have you seen him in person? VanillaRhapsody Oct 2014 #14

No. So? babylonsister Oct 2014 #16

I was describing the reaction of women who actually had....not just seen him on TV. VanillaRhapsody Oct 2014 #19

I saw him campaign three times in person in 1992. Manifestor_of_Light Oct 2014 #40

Exactly.....these 2 are both forces to be reckoned with! VanillaRhapsody Oct 2014 #44

I have had the good fortune to see Hillary, Bill and Obama in person. greatlaurel Oct 2014 #65

I might feel like that about Obama, to see him speak in person, but not Bill. LawDeeDah Oct 2014 #73

Well, LawDeeDah, Obama has done some things as president that Bill would have never done. greatlaurel Oct 2014 #74

Bill turned the tide, in what way? LawDeeDah Oct 2014 #76

i feel the same way, i like listening to him speak and think he is JI7 Oct 2014 #38

aye yi yi VanillaRhapsody Oct 2014 #61

Not just the ladies. Treant Oct 2014 #55

point accepted! VanillaRhapsody Oct 2014 #62

'all' the ladies? Are you kidding me? LawDeeDah Oct 2014 #71

The President is a rock star. Why is Grimes running from him? MontyPow Oct 2014 #29

because he is....ya know what nt msongs Oct 2014 #33

How many Kentucky votes would she pick up? gratuitous Oct 2014 #35

Why it's almost as if a Democrat couldn't win a state wide election, MontyPow Oct 2014 #36

Why, it's almost as if the presidential campaign didn't happen gratuitous Oct 2014 #47

Yeah. Kind of silly to answer rhetorical questions. MontyPow Oct 2014 #49

No, it was a substantive question gratuitous Oct 2014 #52

Post removed Post removed Oct 2014 #53

Beautifully crafted, NanceGreggs Oct 2014 #80

I really hope she kicks McConnell to the curb. herding cats Oct 2014 #7

McConnell must be happy. Turtles love to eat crickets. Kablooie Oct 2014 #8

Hurk. Rod Beauvex Oct 2014 #41

Poor Mitchie~ sheshe2 Oct 2014 #9

Unfortunately crowd size isn't a good predictor of outcome. BillZBubb Oct 2014 #10

Not if she ran on OKinectCare. But why embrace what your constituents love? MontyPow Oct 2014 #30

The bastard is going to win in spite of this. DavidDvorkin Oct 2014 #11

Some of you guys are so Debbie downer bigdarryl Oct 2014 #15

Or Reality Ralph MontyPow Oct 2014 #31

Better get good poll watchers. N/T SleeplessinSoCal Oct 2014 #17

I hope to hell she defeats Mr. Turtlehead... Hulk Oct 2014 #18

And that is the small fact that Chuck Todd over-looked in his rush to "disqualify"... kentuck Oct 2014 #20

Oh that is good!!!! Peacetrain Oct 2014 #21

A couple of billionaires on your side can buy a lot of election fraud. nt valerief Oct 2014 #22

I could use an all expense paid mini vacation. Do you think Mitch would swing by A Simple Game Oct 2014 #23

Nice job, DSCC! bullwinkle428 Oct 2014 #24

The Big Dawg can still bring it aikoaiko Oct 2014 #25

... and McConnell paid the crickets to show up and chirp Martin Eden Oct 2014 #26

Would love to see the defeat of Mitch McConnell! mountain grammy Oct 2014 #27

Still, Grimes, unfortunately, is not going to win 3rdwaydem Oct 2014 #32

Who are you, again? Hekate Oct 2014 #43

Just the guy telling you how it is. A little cold water reality. 3rdwaydem Oct 2014 #45

I imagine we all like to pretend we "know how it is..." LanternWaste Oct 2014 #58

Whatever you got to tell yourself 3rdwaydem Oct 2014 #60

I saw Bill Clinton at a Malloy rally in West Hartford four years ago.... George II Oct 2014 #34

Bill Clinton is a hero to me. One of the most able Presidents we have ever had. 3rdwaydem Oct 2014 #50

Deregulated banks, gutted welfare, gifted Telecom$ leftstreet Oct 2014 #54

Clinton became President in 1993, banks were deregulated in the 1980s. George II Oct 2014 #63

Try 1999. Glass-Steagall repeal leftstreet Oct 2014 #64

Or the Depository Institutions Deregulation and Monetary Control Act of NINETEEN EIGHTY! George II Oct 2014 #69

Telecommunications Act of 1996 LawDeeDah Oct 2014 #72

You sure do like to make excuses for the GOP and blame the Democratic Party for the GOP mischief. greatlaurel Oct 2014 #77

Well, i don't like Warren LawDeeDah Oct 2014 #78

Isn't it good for McConnell if he drew crickets? wheniwasincongress Oct 2014 #37

Having paid supporters should disqualify McConnell n/t BuelahWitch Oct 2014 #39

You mean people weren't walking out in droves? because, you know, we've been told Dems are losing... Hekate Oct 2014 #42

. libodem Oct 2014 #46

Kentucky, go vote and take a friend with you! nt MaeScott Oct 2014 #48

That's surprising, given what McConnell has done to cricket voting rights. Orsino Oct 2014 #51

Guess Mitch didn't pay enough. malthaussen Oct 2014 #56

I hate to say this dinger130 Oct 2014 #57

K & R Iliyah Oct 2014 #59

Well, turtles don't make that much noise KamaAina Oct 2014 #66

K & R & Tweeted - We Can Shock the World on Nov 4 if Dems Turn out. GOTV Tommymac Oct 2014 #67

They certainly didn't draw this cricket Ampersand Unicode Oct 2014 #68

A rabid racoon would do more for the people of Kentucky than Mitch. EEO Oct 2014 #70

Alison Punches Back! greatlaurel Oct 2014 #75

Now if they omly come out and vote.... n/t bobGandolf Oct 2014 #87