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dc.contributor.advisorGalbraith, James K.
dc.creatorLa Fountain, Peter Hamiltonen
dc.date.accessioned2014-10-10T18:54:27Zen
dc.date.issued2014-05en
dc.date.submittedMay 2014en
dc.identifier.urihttp://hdl.handle.net/2152/26469en
dc.descriptiontexten
dc.description.abstractThe late 1990's was a time of great wealth and prosperity in the United States. With this economic fervor came a new era of deregulation of the financial services industry. During this time, Congress passed the Financial Services Modernization Act of 1999, otherwise referred to as the Gramm-Leach-Bliley Act (GBLA). This law removed the final barrier (contained in Depression-era Glass-Steagall legislation) between mixing investment banking and commercial banking in the United States. The purpose of this report is to explain the intentions of the law's supporters and detractors, to discuss why this period was a particularly ripe time for such a policy, to examine the leadership decisions that contributed to the passage of GLBA, and to understand the motives behind a "new Glass-Steagall" bill today. This paper focuses only on the deregulatory parts of GLBA relevant to Glass-Steagall's repeal. It does not examine the privacy protections, et al. of GLBA at any length. Also contained in the analysis is a brief discussion of whether GLBA's stated intentions have been violated through the mixing of banking and commerce that has emerged in the present day. Finally, this report ends with a discussion on the fidelity of our national debate on banking regulation, and what it means for the federal government to manage risk in American financial markets in support of the public interest.en
dc.format.mimetypeapplication/pdfen
dc.language.isoenen
dc.subjectGramm-Leach-Blileyen
dc.subjectGlass-Steagallen
dc.subjectUnited States Congressen
dc.subjectBanking deregulationen
dc.subjectClinton Administrationen
dc.subjectLeadership decisionsen
dc.subjectElizabeth Warrenen
dc.subjectLegislative advocacyen
dc.subjectEconomicsen
dc.titleKicking down the firewall : an examination of the leadership decisions behind the Gramm-Leach-Bliley Acten
dc.typeThesisen
dc.date.updated2014-10-10T18:54:27Zen
dc.description.departmentPublic Affairsen
thesis.degree.departmentPublic Affairsen
thesis.degree.disciplinePublic Affairsen
thesis.degree.grantorThe University of Texas at Austinen
thesis.degree.levelMastersen
thesis.degree.nameMaster of Public Affairsen


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