The bipartisan procession of deregulation included domestic legislation such as the Depository Institutions Deregulation and Monetary Control Act of 1980, the Garn–St. Germain Depository Institutions Act of 1982, the Futures Trading Practices Act of 1992 (which deregulated the speculative derivatives markets and opened them up to a much wider group of investors), the Telecommunications Act of 1996, and the repeal of the Glass-Steagall Act in 1999, which had separated investment banking from commercial banking since 1933.

XREF: Connects to ongoing debates about financial regulation and the 2008 crisis origins.

Andrew deWaard, Derivative Media, loc. 78