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The Glass-Steagall Act is a piece of financial legislation that dates to the Great Depression and has been partially dismantled but remains strikingly relevant today. The act has popped up ...
The Glass-Steagall Act of 1933 forced commercial banks to refrain from investment banking activities to protect depositors from potential losses through stock speculation. Glass-Steagall aimed to ...
The move repealed the Glass-Steagall Act of 1933, a set of reforms responsible for the longest crisis-free period in U.S. financial history. At the time, industry lobbyists argued that this modern ...
Progressives have never let go of the notion that the 1933 Glass–Steagall Act outlawed the problems that caused the Great Depression. They have also consistently sought to tax every activity ...
The candidates in last night's Democratic presidential debate invoked the Glass-Steagall Act as they staked out their positions on regulating big banks. The Depression-era law was designed to ...
Sanders wants to resurrect the Glass-Steagall Act; Clinton opposes the idea. Sanders thinks the repeal of Glass-Steagall caused the 2008 financial crisis. Clinton denies it. As I wrote in October ...
In 1933, Congress passed the Glass-Steagall Act, which prohibited banks from being both commercial and investment banks in response to the Great Depression. A Glass-Steagall for health care would ...
This article was first published on NerdWallet.com. The Glass-Steagall Act is a piece of financial legislation that dates to the Great Depression and has been partially dismantled but remains ...
SANTA MONICA, Calif. (MarketWatch) -- Exactly a year ago when the credit crisis was beginning to unfold I wrote a column asking whether the Glass-Steagall Act -- the law banning brokerages and ...
The Glass-Steagall Act of 1933, which has been partially repealed, prevented commercial banks from making risky investments with customer deposits. Many, or all, of the products featured on this ...
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