Comments on: “We Forgot the Lessons of the Past” http://www.blakesthinktank.com/2009/11/12/we-forgot-the-lessons-of-the-past/ Thu, 29 Jul 2010 16:57:36 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: #ARSenate: NY Times Examines Derivatives Proposal http://www.blakesthinktank.com/2009/11/12/we-forgot-the-lessons-of-the-past/comment-page-1/#comment-5731 #ARSenate: NY Times Examines Derivatives Proposal Sun, 16 May 2010 16:13:38 +0000 http://www.blakesthinktank.com/?p=4098#comment-5731 [...] written exhaustively in this space about the negative implications of the Gramm-Leach-Bliley Act (which repealed Glass-Stegall) and the Commodities Futures Modernization Act, both signed by [...] [...] written exhaustively in this space about the negative implications of the Gramm-Leach-Bliley Act (which repealed Glass-Stegall) and the Commodities Futures Modernization Act, both signed by [...]

]]> By: P. Ogle http://www.blakesthinktank.com/2009/11/12/we-forgot-the-lessons-of-the-past/comment-page-1/#comment-3234 P. Ogle Thu, 12 Nov 2009 21:58:05 +0000 http://www.blakesthinktank.com/?p=4098#comment-3234 The Commodity Futures Modernization Act of 2000 also is largely to blame for AIG (and Enron), since it ensured that credit default swaps and other OTC derivatives would be free from regulation. Sen. Gramm is widely credited with those provisions. A bill entitled the “Over-the-Counter Derivatives Markets Act of 2009” has been proposed in Congress, which is intended to address these issues. The Commodity Futures Modernization Act of 2000 also is largely to blame for AIG (and Enron), since it ensured that credit default swaps and other OTC derivatives would be free from regulation. Sen. Gramm is widely credited with those provisions.

A bill entitled the “Over-the-Counter Derivatives Markets Act of 2009” has been proposed in Congress, which is intended to address these issues.

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