10-Year Anniversary of the Bill That Led to the Current Economic Crisis
The legislation sounded innocuous enough: The Financial Modernization Act. But proponents, who included almost the entire U.S. Senate and the Clinton administration, were euphoric over the passage of the bill in November 1999 that revoked the Depression-era Glass-Steagall Act, and consequently helped lay the quicksand foundation that sunk the nation into the Great Recession less than 10 years later.
- Top Stories
- Unusual News
- Where is the Money Going?
- U.S. and the World
- Appointments and Resignations
- Latest News
- Trump Picks Ally of Fossil Fuel Industry to Lead EPA
- U.S. Tech Giants Team to Fight Online Terrorist Propaganda While Pressed by European Officials to Curb Hate Speech
- Nearly Half of Americans Support Use of Torture
- Trump D.C. Hotel Bookings by Foreign Envoys and Special Interest Groups Raise Alarm among Ethics Experts
- Refuted Breast Cancer Link Cited by Texas in Its Warning to Women Seeking Abortion