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Imagine voting against Glass-Steagall because it only established a temporary FDIC [View All]

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SunsetDreams Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 02:54 AM
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Imagine voting against Glass-Steagall because it only established a temporary FDIC
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Edited on Wed Jun-30-10 03:16 AM by SunsetDreams
•Banking Act of 1933 (P.L. 73-66, 48 STAT. 162).
Also known as the Glass-Steagall Act. Established the FDIC as a temporary agency. Separated commercial banking from investment banking, establishing them as separate lines of commerce.

•Banking Act of 1935 (P.L. 74-305, 49 STAT. 684).
Established the FDIC as a permanent agency of the government.

•Federal Deposit Insurance Act of 1950 (P.L. 81-797, 64 STAT. 873).
Revised and consolidated earlier FDIC legislation into one Act. Embodied the basic authority for the operation of the FDIC.

•Bank Holding Company Act of 1956 (P.L. 84-511, 70 STAT. 133).
Required Federal Reserve Board approval for the establishment of a bank holding company. Prohibited bank holding companies headquartered in one state from acquiring a bank in another state.
Link: http://www.fdic.gov/regulations/laws/important/index.html


Also linked to another DUers individual post, not OP
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=433x359237
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