Deregulation and the Financial Crisis

Former Senator Phil Gramm talked about the role of deregulation in the current economic crisis. As chairman of the Senate Banking… read more

Former Senator Phil Gramm talked about the role of deregulation in the current economic crisis. As chairman of the Senate Banking Committee he sponsored deregulatory legislation, supported by the Clinton administration. The Gramm-Leach-Bliley Act of 1999 (GLBA) repealed the provisions of the Glass-Steagall Act of 1933 that prevented affiliations between commercial and investment banks. The Commodity Futures Modernization Act of 2000 (CFMA) exempted credit default swaps and other derivatives from regulation by the Commodity Futures Trading Commission.

Former Senator Gramm responded to responded to questions from members of the audience. Then a panel moderated by Kevin Hassett discussed the issues. There was not time for more questions from the audience. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Deregulation and the Financial Crisis

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Program ID:
283592-1
Category:
Public Affairs Event
Format:
Forum
Location:
Washington, District of Columbia, United States
First Aired:
Jan 23, 2009
Last Aired:
Jan 26, 2009

Airing Details

  • Jan 23, 2009 | 2:00pm EST | C-SPAN 1
  • Jan 23, 2009 | 9:35pm EST | C-SPAN 2
  • Jan 24, 2009 | 2:13am EST | C-SPAN 2
  • Jan 24, 2009 | 3:10am EST | C-SPAN 1
  • Jan 26, 2009 | 2:15am EST | C-SPAN 1
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