It's true there's a great deal of corruption. But many kinds of activity that lead to the financial crisis were impossible under the Glass-Steagall Act. You m

It's true there's a great deal of corruption. But many kinds of activity that lead to the financial crisis were impossible under the Glass-Steagall Act. You might argue that corruption is the root cause, and lead to the Gramm–Leach–Bliley Act and the Commodity Futures Modernization Act (key enablers that were deregulatory in nature). But it was still the rolling back of a successful regulatory system that paved the way. BTW, It's interesting to look at the environment in which Glass-Steagall was enacted and compare it to our own times.