Delamaide: GOP doubles down on bank deregulation - USA TODAY
But that's not what's going on in the House Financial Services Committee as the Republican chairman, Jeb Hensarling of Texas, marks the fifth anniversary of the Dodd-Frank financial reform with a series of hearings featuring one-sided panels of... The star witness last week in what amounts to a show trial of financial regulation was former Texas Sen. Gramm was one of the authors and sponsors of the sweeping 1999 Gramm-Leach-Bliley Act, which knocked down the last feeble walls separating commercial and investment banking and empowered U. S. financial institutions to embark on the reckless spree... And in excoriating Dodd-Frank, Gramm, a former economics teacher at Texas A&M, trotted out a number of statistics showing how the "Obama recovery" has been much slower than other postwar recoveries and blaming it – without a scintilla of proof –... Source: www.usatoday.com
