The Gramm-Leach-Bliley Act of 1999 lifted banking restrictions that had been imposed under the Glass Steagall Act.
Gramm-Leach-Bliley Act past relationships:
American International Group, Inc. - promoted growth, by enabling mix of banking, investment & insurance activities
Thomas J. Bliley Jr. - co-sponsor
Citigroup Inc. - enabled formation, through merger of Citicorp and Travelers Groupo
Glass-Steagall Act - lifted banking restrictions, enabling commercial and investment banks to consolidate
Phil Gramm - co-sponsor
James A. Leach - co-sponsor
Muckety news stories featuring Gramm-Leach-Bliley Act
Here's a twist on the Kevin Bacon drinking game: How many financial crises can you link to Phil Gramm?
January 8, 2010