Thread: Reaganomics
View Single Post
Old August 10th, 2012, 12:43 PM   #23 (permalink)
OutofDate1980
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 128 Times in 111 Posts
Default

Quote:
Originally Posted by cjr72 View Post
Deregulation didn't start in the Reagan era. Besides, the deregulation most cited for leading up to the 2008 banking crisis was the Gramm–Leach–Bliley Act of 1999 that did away with Glass-Steagall, etc.
The financial deregulation by Congress started with Depository Institutions Deregulation and Monetary Control Act of 1980. This is the time frame when the financial unregulated unfettered free markets con was bought by the country. The gamblers received the payout for their winning bets and the taxpayers paid the marker for the losses.

Here's a timeline.

http://www.cepr.net/documents/publications/dereg-timeline-2009-07.pdf
OutofDate1980 is offline  
Reply With Quote