Which team do you support?
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Ms. Yellen also said she was hesitant to push her examiners to crack down harder on banks, concerned that she lacked the authority. One reason for her hesitance, she told the FCIC in 2010, was the Gramm-Leach-Bliley Act, the bill supported by Mr. Summers that permitted securities firms and commercial banks to unite. She said Fed officials saw the law as giving them oversight of bank holding companies, not subsidiaries that didn't collect deposits.