During the recent campaign season, the Democrats blamed the financial crisis on “Republican deregulation,” in particular the Gramm-Leach-Bliley Act of 1999 (GLBA) and the Commodity Futures Modernization Act of 2000 (CFMA). The GLBA repealed the provisions of the Glass-Steagall Act of 1933 that prevented affiliations between commercial and investment banks,...

Although the Gramm-Leach-Bliley Act was intended to free banking organizations (including banks and their holding companies) from a regulatory strait-jacket that was impeding their ability to compete, it has not yet had a significant effect.

The only banking deregulation in recent years was that of Fannie and Freddie.

Alan Greenspan's support for the separation of banking and commerce is an ironic coda to an extraordinary government career.

Remarks of Rick Lazio, president and CEO, Financial Services Forum, at theRoundtable on the Gramm-Leach-Bliley Act American Enterprise Institute, November 13, 2001.

The Shadow Financial Regulatory Committeepredicts whichitems will be on the Bush administration's agenda in the next four years and makes recommendations for action.

The Federal Deposit Insurance Corporation should permit its moratorium on nonfinancial firms acquiring ILC charters to expire as planned on January 31.

An alternative narrative is that the financial crisis was caused by U.S. government housing policies that helped create 25 milion subprime and Alt-A mortgages--47 percent of all U.S. mortgages--which are currently defaulting at unprecedented rates.