Zelbinian327

PS. That Gramm-Leach-Bliley Act? McCain voted for it.

Let's take a time machine back to May 6, 1999. On this date, Congress passed the Gramm-Leach-Bliley Act. This law covered an awful lot of territory, including repealing many of the rules the Glass-Steagal Act of the New Deal Era set in place. A major implication of this is that banks were now allowed to offer insurance, consumer banking, and investment banking services. Just a small list of things directly caused by the Act: The Enron incident, due to the now-infamous "Enr