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Glass Steagal didn’t make banking stable. Most countries (including those who weathered the storm much better than the US) don’t have a similar law. In fact, m
by rhino369 8y ago
Glass Steagal didn’t make banking stable. Most countries (including those who weathered the storm much better than the US) don’t have a similar law.
In fact, marrying investment and commercial banks during the crisis was a key part of stopping a banking collapse.
And the whole crash started by investment only banks failing.