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Political Factoid
The American experiment with
deregulation of the financial
industry*
... began during the
administration of President
Clinton (a Democrat)
... but was the doing of
a Republican Congress
... to legalize illegal actions that happened
on Wall Street the previous year.
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The Gramm-Leach-Bliley Act,
sponsored by
- Sen. Phil Gramm (R-TX)
- Rep. Jim Leach (R-IA)
- Rep. Thomas J. Bliley, Jr. (R-VA)
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