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After being confirmed as Treasury Secretary, Robert Rubin announced on February 28, 1995, that the Clinton Administration supported such Glass–Steagall repeal. Repeating themes from the 1980s, Leach stated Glass–Steagall was "out of synch with reality" [136] and Rubin argued "it is now time for the laws to reflect changes in the world's ...
Rubin resigned from the Clinton administration in July 1999. In October 1999, Rubin joined the leadership at Citigroup. Glass–Steagall was eventually repealed by the Gramm–Leach–Bliley Act under Rubin's successor, Lawrence Summers, and was signed by Clinton in November 1999. Post-government career
- Judith Oxenberg
- Richard Haass
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Aug 4, 2012 · The repeal of Glass-Steagall in 1999 was part of a broad deregulatory push, championed by the likes of Fed chief Alan Greenspan, Sen. Phil Gramm (R-Tex.) and Treasury Secretary Robert...
May 8, 2003 · After 12 attempts in 25 years, Congress finally repeals Glass-Steagall, rewarding financial companies for more than 20 years and $300 million worth of lobbying efforts.
Apr 27, 2008 · Rubin in theory supported the legislation to repeal the Glass-Steagall Act but was concerned that it would strengthen the Fed’s powers at the expense of the Treasury. It was passed and signed...
Oct 27, 1999 · Mr. Rubin said he played a role in arranging the final compromise that will probably lead to the repeal of the so-called Glass-Steagall legislation. But he said that had nothing to do with...
Mar 25, 2009 · Robert Rubin, a Clinton administration Treasury secretary who advocated Glass-Steagall's repeal, went on to work for Citigroup, which lost $27.7 billion in 2008 and has needed $45 billion...
