3 ms·
Your linked source does not support the claim, but rather talks about efforts to restore Glass-Steagall in some form and their failure, which is not a loosening
by fallingknife 4y ago
Your linked source does not support the claim, but rather talks about efforts to restore Glass-Steagall in some form and their failure, which is not a loosening of regulations, but a continuation of the status quo. I do acknowledge that the repeal of Glass-Steagall itself was a loosening of regulation, but that was 25 years ago.
- chalst 4y agoThe link was 'Cf', meaning it gives background on the part of financial regulation I talk about, rather than being a direct source. It talks about the rationale for not adopting Glass-Steagall-strength measures during the Obama years. During the Trump years, most US banks were exempted from Dodd-Frank in 2018 via the Economic Growth, Regulatory Relief and Consumer Protection Act.