The Wall Street boom was spurred partly by the anti- regulatory moves of Bill Clinton - Mercedes-Benz Forum

LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 02-26-2009, 12:58 AM Thread Starter
BenzWorld Elite
Date registered: Feb 2006
Vehicle: 1999 ML320
Location: Ratville
Posts: 24,029
Mentioned: 1 Post(s)
Quoted: 311 Post(s)
(Thread Starter)
The Wall Street boom was spurred partly by the anti- regulatory moves of Bill Clinton


Quote: Exclusive
The Wall Street boom was spurred partly by the anti- regulatory moves of Bill Clinton’s administration. In 1998, then Treasury Secretary Rubin and his deputy Summers fended off a proposal by Brooksley Born, who headed the Commodity Futures Trading Commission, to regulate over-the-counter derivatives. A year later, both men advocated that Congress repeal the 1933 Glass-Steagall Act, which had separated the activities of investment and commercial banks. Nine days before Congress acted, Rubin joined Citigroup as chairman of the executive committee.

Under CEO Sanford “Sandy” Weill, Citi took advantage of the deregulation, buying securities companies and building the world’s largest financial services company. Rubin declined to comment for this article.
mlfun is offline  
Sponsored Links

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply

Register Now

In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode

    Similar Threads
    Topic Author Forum Replies Last Post
    Wall Street Still Doesn't Get It Qubes Off-Topic 8 11-06-2008 02:16 PM
    14 Reasons Main Street Loses While Wall Street Sinks Democracy Qubes Off-Topic 6 10-21-2008 08:25 PM
    Who will win on the new Wall Street? Jayhawk Off-Topic 7 09-24-2008 08:33 AM
    Hey, Wall Street Qubes Off-Topic 0 09-23-2008 04:54 PM
    Missing Bill Clinton... Check Codes Off-Topic 10 03-18-2006 10:44 AM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On


    Title goes here

    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome