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Glass-Steagall needs to be brought back. It was incredibly effective at preventing situations like this.
by HyperSane 4y ago
Glass-Steagall needs to be brought back. It was incredibly effective at preventing situations like this.
- fshbbdssbbgdd 4y agoGlass-Steagal separated commercial banks from investment banks. As far as I can tell, SVB was just a commercial bank and the way it went bust has nothing to do with conduct that would have been prohibited under Glass-Steagal.