The Gramm-Leach-Bliley Act, which was passed in 1999, eliminated Depression-era barriers that separated financial companies.
The new antiterrorism bill, passed after minimal hearings and debate, breaks down Cold War-era barriers between foreign intelligence and domestic law enforcement to an unprecedented degree.
He advanced legislation that fractured oversight of Wall Street while knocking down Depression-era barriers that restricted the rise and reach of financial conglomerates.
BANKING -- Approved legislation that overhauls the nation's financial system, removing Depression-era barriers that have limited the ability of banks, insurance companies and securities firms to expand into one another's businesses.
In a speech last week, Mr. King said policy makers should consider breaking up the largest banks and, in effect, restore the Depression-era barriers between investment and commercial banks.
For the first time since Congress eliminated Depression-era barriers last fall that prevented banks and insurance companies from intermingling their businesses, a major insurance company, Metropolitan Life, said yesterday that it was taking steps to go into full-service banking.
The policy, widely known as the "Volcker rule" after the former Federal Reserve president who proposed it, is a half-hearted throwback to Depression-era barriers erected between investment and commercial banking.
One factor is Congress' 1999 removal of Depression-era barriers to banks and Wall Street firms getting into insurance.
His accusers charge that he nearly single-handedly torpedoed the housing and financial market when he wrote the laws that took down the Depression-era barriers between investment and commercial banks.
Throughout the remainder of the Mesozoic Era, ocean barriers grew wider and the separate faunas became increasingly different.
That's when the Greek government removed a cold war-era military barrier, called a barra, blocking the only road to the villages.
