« previous   misc   next »

CRA Advocates Forced end of Glass Stegal


By Entitlemented   Follow   Mon, 19 Nov 2012, 2:55pm PST   393 views   1 comment
Watch (1)   Share   Quote   Permalink   Like   Dislike  

Looks like Clinton, Dodd, bullied Gramm into the Glass Stegal changes in the late 1990s.

http://www.nytimes.com/1999/10/24/us/deal-on-bank-bill-was-helped-along-by-midnight-talks.html?pagewanted=all&src=pm

Comment 1-1 of 1     Last »

Entitlemented   Mon, 19 Nov 2012, 2:58pm PST   Share   Quote   Permalink   Like   Dislike     Comment 1

They needed this likely to allow the subprime from just the CRA loans to shift into all FHA and private label loans:

http://www.nytimes.com/1998/08/02/business/l-banks-obligations-176362.html

Entitlemented is moderator of this thread.

Email

Username

Watch comments by email

home   top   share   questions or suggestions? write p@patrick.net