4 ms·
Why? The institutions that got in trouble during 2008 had no retail banking arms (Bear, Lehman, Fannie & Freddie, Merrill, etc.). Glass Steagall is a red herrin
by jacoblyles 15y ago
Why? The institutions that got in trouble during 2008 had no retail banking arms (Bear, Lehman, Fannie & Freddie, Merrill, etc.). Glass Steagall is a red herring. Proprietary traders were largely not using deposits to finance their bets.