3 ms·
How would the reinstatement of that act solve the problem in the article?
by linkregister 10y ago
How would the reinstatement of that act solve the problem in the article?
- Terr_ 10y agoMy guess for what they mean (not making judgments or asserting these as fact) would be something like: 1. The risky return-focused investment money is still going into housing, despite the 2008 great recession. ("It can't happen twice, right?") 2. A significant portion of that wealth is actually from "non-gambler" savings, and "should" be more conservatively held. 3. Glass-Steagall would help do that, with the side-effect of making housing more broadly affordable for people who need the direct utility of the house.