Financial Deregulation Era (1984-2005)

Secondary Mortage Enhancement Act

Oct 3, 1984

Enables Wall St. to Originate Mortgage-Baked Securities

Financial Deregulation Era

Period: Oct 3, 1984 to Aug 1, 2005

Financial Deregulation 1

Period: Oct 3, 1984 to Nov 12, 1999

Growth and Transformation of the Mortgate Industry

Gramm-Leach-Bliley Act

Nov 12, 1999

Repeats Glass-Steagall

Financial Deregulation 2

Period: Nov 12, 1999 to Dec 21, 2000

Tearing Down the Wall Between Commercial and Investment Banking

Commodity Futures Modernization Act

Dec 21, 2000

Opens Floodgates for Unregulated Derivatives

Financial Deregulation 3

Period: Dec 21, 2000 to Aug 1, 2005

Forestalling Government Oversight of Derivaive Securities

Alan Greenspan

Jul 1, 2003

" I do not believe that many of the measures that have been offered to introduce increased regulation are indeed positive in the sense that they would have a positive outcome."

SEC Considers Leverage Ratios

Jan 1, 2004

Fails to Control Risk Profile of Financial Institutions