TITLE

Did Gramm-Leach-Bliley contribute to crisis?

AUTHOR(S)
Leach, James A.
PUB. DATE
October 2008
SOURCE
North Western Financial Review;10/15/2008, Vol. 193 Issue 20, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article examines the efficacy of the Gramm-Leach-Bliley Act in helping financial services institutions cope with economic crisis in the U.S. It is evident that financial services industry and credit system throughout the nation are facing tremendous challenges due to the recession and weakening market status of finance industry. However, the bill is specifically intended to aid the problem by providing extra protection for smaller institutions through loans and bailouts.
ACCESSION #
34990189

 

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