video: http://www.c-spanarchives.org/library/index.php?main_page=product_video_info&products_id=283592-1
Former Senator Phil Gramm talked about the role of deregulation in the current economic crisis. As chairman of the Senate Banking Committee he sponsored deregulatory legislation, supported by the Clinton administration. The Gramm-Leach-Bliley Act of 1999 (GLBA) repealed the provisions of the Glass-Steagall Act of 1933 that prevented affiliations between commercial and investment banks. The Commodity Futures Modernization Act of 2000 (CFMA) exempted credit default swaps and other derivatives from regulation by the Commodity Futures Trading Commission. Former Senator Gramm was joined in a panel discussion moderated by Kevin Hassett. The panelists responded to questions from members of the audience. Deregulation and the Financial Crisis ID: 283592-1 Format: Forum Event Date: 01/23/2009 Length: 2 hours --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "ShadowGovernment" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/ShadowGovernment -~----------~----~----~----~------~----~------~--~---
