International Herald Tribune logo International Herald Tribune 2 weeks ago

Op-Ed Contributor : Too Big to Succeed

HONG KONG — This week is the 10th anniversary of the signing by President Clinton of legislation abolishing the Glass-Steagall act, which, since 1933, had kept a wall between commercial banking and investment banking and insurance. Full Article at International Herald Tribune

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  1. Citigroup
  2. U.S. Congress
  3. U.S. Democratic Party

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Related Quotes

  1. The financial crisis exposed a financial regulatory structure that was the product of historic accident created piece by piece over decades with little thought given to how it would function as a whole, and unable to prevent threats to our economic security
    Christopher Dodd – Christopher Dodd SOURCE: Economic Times 2 weeks ago
  2. Never again should the American taxpayers have to hear about 'too big to fail,' where the American taxpayer has to pick up the slack
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  3. The concerns that we will have a meltdown like 1929 are dramatically overblown
    Bob Kerrey – Bob Kerrey SOURCE: City Desk 2 weeks ago
  4. Scores of banks failed in the Great Depression as a result of unsound banking practices, and their failure only deepened the crisis ... Glass-Steagall was intended to protect our financial system by insulating commercial banking from other forms of risk. It was one of several stabilizers designed to kee...
    – Paul Wellstone SOURCE: City Desk 2 weeks ago
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  1. Israeli Prime Minister Ehud Barak (R) jokingly pushes Palestinian President Yasser Arafat (C) into the Laurel cabin on the grounds of Camp David as U.S. President Bill Clinton watches during peace talks, July 11, 2000. Arafat and Barak were insisting that the other proceed through the door first.
  2. BIRMINGHAM, ENGLAND - NOVEMBER 21: Roger Johnson of Brimingham City clashes with Clinton Dempsey of Fulham during the Barclays Premier League match between Birmingham City and Fulham at St Andrew's on November 21, 2009 in Birmingham, England.
  3. KABUL, AFGHANISTAN - NOVEMBER 18: Richard Holbrooke (R) salutes while wallking next to U.S Ambassador Karl Eikenberry (L) on their way to greet General Stanely McChrystal after arriving on November 18, 2009 in Kabul, Afghanistan. This is her first trip to Afghanistan as U.S Secretary of State.
  4. Former US President Bill Clinton speaks at the Elton John AIDS Foundation�s eighth annual benefit �An Enduring Vision� November 16, 2009 in New York.
  5. JERUSALEM - NOVEMBER 15: Former U.S. President Bill Clinton speaks at the Saban Forum November 15, 2009 in Jerusalem, Israel. The annual forum is organized by the Saban Center for research and analysis of the U.S. policy in the Middle East.
  6. WASHINGTON - NOVEMBER 10: Former U.S. President Bill Clinton is accompanied by Sen. Sheldon Whitehouse (D-RI) (L) as he heads into the Senate Democratic Caucus luncheon at the U.S. Capitol November 10, 2009 in Washington, DC.
  7. NEW YORK - NOVEMBER 09: Dr. Maya Angelou (L) and Former U.S. President Bill Clinton attend the The 2009 Women of the Year hosted by Glamour Magazine at Carnegie Hall on November 9, 2009 in New York City.
  8. US Secretary Clinton holds a press conference with Guido Westerwelle, Foreign Minister of the Federal Republic of Germany on November 5, 2009 at the State Department in Washington, DC.
  9. MILAN, ITALY - OCTOBER 28: Gary Hamel speaks during the 2009 World Business Forum on October 28, 2009 in Milan, Italy. The Italian 6th edition of the WBF will run for two-days and this year speakers include Bill Clinton and former IFM director Rodrigo de Rato.

Cast of Characters

  1. U.S. Democratic Party U.S. Democratic Party
  2. Citigroup Citigroup
  3. U.S. Senate U.S. Senate
  4. U.S. Congress U.S. Congress
  5. White House White House
  6. Christopher Dodd Christopher Dodd