Bonus: Sen. Phil Gramm on Banking Deregulation

<p>Thank you to our listeners for the feedback and engagement on last week's episode with former U.S. Senator Phil Gramm. Sen. Gramm was also one of the co-sponsors of the Gramm–Leach–Bliley Act of 1999, which removed part of the Depression-era law separating investment banking from commercial banking, among others. Bethany and Luigi couldn't pass the opportunity to ask the senator about his views on a possible line from his legislation to the 2008 financial crisis and the recent SVB banking meltdown. We hope you enjoy this bonus <i>Capitalisn't</i> segment.</p><p>In case you missed it, here's our full conversation with Sen. Gramm: <a href="https://capitalisnt.simplecast.com/episodes/poverty-and-inequality-in-america-part-1-with-sen-phil-gramm" target="_blank">https://capitalisnt.simplecast.com/episodes/poverty-and-inequality-in-america-part-1-with-sen-phil-gramm</a></p><p>Also, check out <i>ProMarket's </i>extensive coverage on the recent banking crisis: <a href="https://www.promarket.org/2023-banking-turmoil/" target="_blank">https://www.promarket.org/2023-banking-turmoil/</a></p>