Congress Resisting - Wall Street Will Do Anything to Get Its WayQuicklink submitted by Margaret Bassett Permalink
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|Also, the Gramm-Leach-Bliley Act of 1999 - navigated by Gramm and cheer led by former Treasury Secretary Robert Rubin, who served under President Bill Clinton - repealed those 1933 protections and made it possible for investment banks, insurance companies and commercial banks to merge without requiring greater regulation. Goldman Sachs and Morgan Stanley request was a plea for money.|
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