A bipartisan deregulatory wave dismantled US financial separation statutes

Evidence

The bipartisan procession of deregulation included domestic legislation such as the Depository Institutions Deregulation and Monetary Control Act of 1980, the Garn–St. Germain Depository Institutions Act of 1982, the Futures Trading Practices Act of 1992 (which deregulated the speculative derivatives markets and opened them up to a much wider group of investors), the Telecommunications Act of 1996, and the repeal of the Glass-Steagall Act in 1999, which had separated investment banking from commercial banking since 1933. — Andrew deWaard, Derivative Media, 78

Categorization

• DEFINE: Names specific statutes with dates so the reader can trace each instrument (derivatives, Glass-Steagall repeal) forward into media finance.
• XREF: connects to: Deregulation in the 1980s pushed corporations to bypass banks entirely — Mark Blyth, Austerity: The History of a Dangerous…, 78; Growing financial power systematically dismantled Bretton Woods-era regulatory controls. — Max Haiven, Cultures of Financialization, 150; Legislative deregulation drove the US financial sector’s postwar expansion — Arthur Borriello and Anton Jäger, The Populist Moment: The Left After the…, 100