Archive for January 16th, 2010
Support builds for second-coming of Glass-Steagall
16 January 2010Sometimes, a 1933-vintage idea survives the test of time.
When things started to go very badly for the financial services industry in September 2008, I mused about the role that the Clinton Administration’s decision to repeal the post-Depression Glass-Steagall Act had in the downfall of the U.S. banking system (see prior post “Will we ever see [...]