TITLE

Ten Years After

AUTHOR(S)
Hamilton, Jesse A.
PUB. DATE
November 2009
SOURCE
Best's Review;Nov2009, Vol. 110 Issue 7, p99
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the Financial Services Act, also known as the Gramm-Leach-Bliley Act, which was blamed for causing the economic crisis in the U.S. It is stated that the act, which marks its 10th anniversary in November 2009, allowed cross-ownership of banks and insurance businesses in the financial services industry. According to President Barack Obama, the act failed to regulate the financial industry and caused the meltdown. It also mentions the people who supported the act.
ACCESSION #
45120015

 

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