Glass-Steagal Act Should Not Be Core of Financial Regulatory Reform
January 25, 2010 at 17:16 PM EST
There has been a lot of talk lately about the repeal of Glass-Steagal in the 1990’s and the potential that such a move contributed greatly to the financial crisis. Glass-Steagal, originally passed in 1933, had many parts to it but it is most widely known to have disallowed commercial banks that gathered customer deposits and [...]