Why did BILL CLINTON sign off on the Gramm-Leach-Bliley Act? Why did BILL CLINTON sign off on the Gramm-Leach-Bliley Act?

This began in 1999 when Bill Clinton and the Democrats in Congress repealed the 1933 Glass-Steagall Act. It allowed the Dems to turn Mac and Mae into their own ATM. This Act could have prevented this mess we are in now. It worked from 1933 to 1999. Where is Charlie Rangle in all this. He is the Chairman of the Banking Committee.

Gramm-Leach-Bliley Act and its effect on today's economy?

In light of recent activities with the housing market, Lehman Brothers, Merill Lynch, and so on, what is your (educated, please) opinion on how this Act passed in 1993 has effected today's economy? And was this foreseeable at the time?
That. has no relevance to my question.

Ha ha ha ha ha! That is so funny. That is called the "Enron Loophole," and still exists. Great for the energy companies, especially Exxon etc. High fuel costs for consumers but terrific investment returns for Exxon in the hedge funds. Good to have inside information, which they do.

Housing and investment banking meltdown? That began with the passage of Adjustable Rate Mortgages in the mid 80s. But after the S&L debacle, Glass-Stegall Act provided some protection but, later, Bill Clinton approved the revocation of Glass-Stegall. That left the barndoor open to the greedy network of those in mortgage banking, passing the shaky loans on to Fannie Mae and Freddie Mac.

Now which candidate has addressed the real nitty gritty of how we came to have this present economic crisis in America? Because they all, Dems and Reps, had their hand in the cookie jar. They will never address the facts. Never. If you really understood this, you would not elect either of them.

I'm trying to find information on Gramm Leach Bliley Act.?

My office has to adopt a "safeguard" policy, but I can't find exactly what this policy is supposed to include. I know it has something to do with consumer privacy.

The Financial Modernization Act of 1999, also known as the "Gramm-Leach-Bliley Act" or GLB Act, includes provisions to protect consumers’ personal financial information held by financial institutions. There are three principal parts to the privacy requirements: the Financial Privacy Rule, Safeguards Rule and pretexting provisions.