Reply #21: From googling " Clinton deregulation" : [View All]

[hedgehog]

The Glass-Steagall Act established the Federal Deposit Insurance Corporation (FDIC) and included banking reforms, some of which were designed to control speculation. Some provisions such as Regulation Q that allowed the Federal Reserve to regulate interest rates in savings accounts were repealed by the Depository Institutions Deregulation and Monetary Control Act of 1980. Other provisions which prohibit a bank holding company from owning other financial companies were repealed in 1999 by the Gramm-Leach-Bliley Act.
Wiki

Under Clinton, 1992-2000, the policy focus centered largely on promoting and expanding neo-liberal "free trade" under dollar hegemony. Additionally, the Clinton period was characterized by the introduction of new formulas for enabling health care cost shifting from corporations to workers, by accelerating the diversion of social security payroll taxes to the US general budget to create the false appearance of declining federal budget deficits and by-passing government rules, encouraging the further decline of the traditional private pension system. The Clinton surplus was largely funded from the pockets of US workers. Clinton deregulated world trade and introduced dollar hegemony to put the US middle class in debt in order to feed corporate global profit. The Clinton prosperity was built on debt addiction, otherwise known as "Rubinnomics", after Clinton treasury secretary Robert Rubin.

http://www.atimes.com/atimes/Global_Economy/IJ13Dj01.html

Telecommunications Act of 1996
The 1996 Telecom Act was a landmark piece of legislation that drastically altered U.S. media and communications policy. The Act, signed into law by Bill Clinton on February 8, 1996, deregulated the media and communications sectors, leading to increased consolidation in both industries. In the years that followed, radio companies like Clear Channel ballooned in size (Clear Channel now owns over 1,200 radio stations) because radio ownership limits had been removed. The new policies also led to a number of mega-mergers among telephone companies and other media businesses.

http://answers.yahoo.com/question/index?qid=20071215232338AAPfVUB