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Politics : Politics for Pros- moderated
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To: DMaA who wrote (486324)5/8/2012 10:34:11 PM
From: Stan1 Recommendation  Read Replies (2) of 793896
 
The deregulation I am referring to was when President Clinton signed the Financial Services Modernization Act in 1999. It was a massive move welcomed by both Republicans and Democrats. Before that, banks were barred from other financial services such as insurance and securities trading by the Glass-Stegall Act of 1933.
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