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Celerity

(55,342 posts)

8. Plus the passing of the horrid Commodity Futures Modernization Act of 2000 (which ensured that over-the-counter (OTC)

Reply to UpInArms (Reply #6)

Wed Jun 24, 2026, 09:21 AM

Wednesday

derivatives remained unregulated).

That legislation was, along with other things (such as the gutting of Glass-Steagall that you already mentioned) passed under Clinton (with his support), massively key structural pieces that helped (along with plenty of aid from the Rethugs and the banksters themselves) construct the path that led to the global financial crisis of 2007-2009.

https://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000