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It's more complicated that that, of course, since the crisis might have been less likely had Glass-Steagall remained law.
by jfarmer 18y ago
It's more complicated that that, of course, since the crisis might have been less likely had Glass-Steagall remained law.
- kingkongrevenge 18y agoJapan has no equivalent to glass-steagall and their financial system exploded after a massive property bubble. The laws in Japan actually force more financing functions into single banking entities than makes sense -- the opposite of glass-steagall.