Profile
Name:
Under the Dome
Channel Views:
6,617
Joined:
December 10, 2007
Last Sign In:
2 days ago
Subscribers:
62
Website:
About Me:
Hometown:
Raleigh
Country:
United States
Occupation:
Reporter
Companies:
The News & Observer
Hobbies:
politics, government, North Carolina
Subscriptions
(2)
Recent Activity
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TheDomeCam uploaded a new video
Jay Leno riffs on a fundraiser in Goldsboro, N.C., in which a middle school was giving bonus points in exchange for a donation.
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TheDomeCam uploaded a new video
An ad urging people to oppose a policy cutting N.C. funding for home health care.
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TheDomeCam subscribed to karinmoveon
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TheDomeCam uploaded a new video
A campaign ad by Linda McMahon who is running for the Republican nomination for U.S. Senate in Connecticut.
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TheDomeCam uploaded a new video
North Carolina native Linda McMahon is running for U.S. Senate in Connecticut.
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Channel Comments
(2)
The Gramm-Leach-Bliley Act (GLBA) allowed commercial and investment banks to consolidate. For example, Citibank merged with Travelers Group, an insurance company, and in 1998 formed the conglomerate Citigroup, a corporation combining banking and insurance underwriting services. Other major mergers in the financial sector had already taken place such as the Smith-Barney, Shearson, Primerica and Travelers Insurance Corporation combination in the mid-1990s. This combination, announced in 1993 and finalized in 1994, would have violated the Glass-Steagall Act and the Bank Holding Company Act by combining insurance and securities companies, if not for a temporary waiver process [1]. The law was passed to legalize these mergers on a permanent basis. Historically, the combined industry has been known as the financial services industry.