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We'd be in better shape if we kept the rules we wrote after 1929 to keep 1929 from happening again.
by readthenotes1 4y ago
We'd be in better shape if we kept the rules we wrote after 1929 to keep 1929 from happening again.
- vkou 4y agoExcept 1929 didn't happen again, the problems in 2008, and in 2023 were completely different. The problems in 2023 were made significantly worse by the rollback on liquidity rules in 2017, which, if we may recall, was not a year that Obama was exerting any influence on banking rules.
- KirillPanov 4y agohttps://en.wikipedia.org/wiki/Glass–Steagall:_Aftermath_of_repeal https://en.wikipedia.org/wiki/Glass–Steagall:_Aftermath_of_r...