Commodity Futures Modernization Act of 2000 Essays

Chapter 4: Takeover Defenses- A case study of Circon In this chapter, takeover defenses mechanisms are explained with the example of Circon, a medical device maker company. Defenses against hostile takeovers A hostile takeover can be defended in various ways. Those effectively built-in defensive measures are called ‘shark repellent’. Golden Parachute or "change-in-control benefits” In case of acquisition top brass like CEOs will get a hefty bonus which makes acquisition expensive and less attractive

To paraphrase from William Shakespeare, the Financial Crisis Inquiry Commission wrote “The fault lies not in the stars, but in us” (“Conclusions of the Financial Crisis Inquiry Commission”). This is true when speaking of the financial crisis that occurred recently in 2008, almost heightening towards a second Great Depression. After years of deregulation and the combination of lenders and banks craving unimaginable amounts of money, it goes to show as to why the fault lies in the people. Due to the

causes of the 2008 financial crisis was the deregulation of Wall Street, which started in the 1990s and continued in the 2000s. In 1999, the Glass-Steagal Act was repealed and replaced with the Gramm-Leach-Blily Act, which eliminated many of Glass-Steagal’s restrictions. In 2000, the Commodity Futures Modernization Act, sponsored by Gramm allowed investors to make bets on commodities and unleashed the derivatives market. In 2004, Goldman Sachs lobbied the government to permit banks to severely over-leverage

depression of 1929 (Almunia et al., 2010). While it has been recorded that economies have gone through financial crises at least since the 1880s, the frequency and severity of financial crises has more or less doubled in the 28 years between 1972 and 2000 compared to the period of time of 91 years between 1880 and 1971(Bordo et al., 2001). Therefore financial crises are getting more and more recurrent as economic systems develop further. This shows how important it is to identify whether or not financial

Glass-Steagall Act via the Gramm-Leach-Bliley Act was not a primary reason behind the Global Financial Crisis 2008; however it did however worsen the situation. The Glass Steagall Act The Glass Steagall Act was initially signed into law in 1933 after the famous stock market crash of 1929. Commercial banks had invested heavily in the stock market and after the crash, a hefty part of the population lost their savings. To prevent something similar from happening again, the Glass Steagall Act was passed

markets in the 1990s and 2000s, this essay will focus on causes that were internal to the financial system and contributed to the 2007/08 financial crisis. It will endeavour to show that no one single decision, or event in isolation can justifiably be seen as responsible. But rather

down. As an interventionist measure, the Glass-Steagall Act was enacted in 1933, which marked the beginning of a regulatory regime and the reforming of the banking sector. The US bank sector at that time showed that competition in the banking sector can hamper stability as banks are central to any market economy and can affect it. The Act was an effort to decrease competition to increase stability. Important features of the Glass-Steagall Act were: 1. It created a Federal Deposit Insurance Corporation(FDIC)

led to the collapse of the entire system and bank failures became rampant. This experience of the Great Depression initiated a period of regulations in the banking and finance industry and the Banking Act brought about a number of major reforms. The Regulation Q was an important provision of the act which set a maximum rate of interest that could be paid on time deposits. However, in order to encourage investment in the housing industry, Regulation Q made relaxations for the Savings and Loans institutions

Federal Reserve allowed bank holding companies to own investment banking operations equivalent to as much as 25 percent of their revenues. This ruling left the Glass-Steagall Act completely obsolete and ineffective and the final blow to the Act came in 1999 when the Financial Modernization Act, also called the Gramm-Leach-Bliley Act was

EVOLUTION OF BHUTAN’S EDUCATION POLICY Bhutan is a small nation known for its isolationism and its cherished Lamaist traditions. Before the king Jigme Wangchuck introduced modern education system in Bhutan in 1960s Buddhist monastic institutions were the only source of formal education available to the Bhutanese people. History of Modern Education in Bhutan This Himalayan nation was geographically isolated from the rest of the world until 1961 when the third Druk Gyalpo , Jigme Dorji Wangchuck