”废除了什么不准某种银行做投行“,指1933年的Glass–Steagall Legislation?
Decline and repeal
It was not until 1933 that the separation of commercial bank and investment bank was considered controversial. There was a belief that the separation would lead to a healthier financial system.[21] Later on, over the years the separation became controversial. By 1935 Senator Glass himself attempted to "repeal" the prohibition on direct bank underwriting by permitting a limited amount of bank underwriting of corporate debt.
In the 1960s the Office of the Comptroller of the Currency issued aggressive interpretations of Glass–Steagall to permit national banks to engage in certain securities activities. Although most of these interpretations were overturned by court decisions, by the late 1970s bank regulators began issuing Glass–Steagall interpretations that were upheld by courts and that permitted banks and their affiliates to engage in an increasing variety and amount of securities activities. Starting in the 1960s banks and non-banks developed financial products that blurred the distinction between banking and securities products, as they increasingly competed with each other.
Separately, starting in the 1980s Congress debated bills to repeal Glass–Steagall's affiliation provisions (Sections 20 and 32). In 1999 Congress passed the Gramm–Leach–Bliley Act, also known as the Financial Services Modernization Act of 1999,[22] to repeal them. Eight days later, President Bill Clinton signed it into law.
所以,人们常说,过去的Clinton政府,本质上和共和党并没有什么两样,Obama也不过是延续了Clinton的基本政策,未能真正有所作为,枉费了民众对他上台之初的厚望。呵呵