Pros & Cons of Glass-Steagall

Discussion in 'Law and Justice System' started by Amelia, Oct 25, 2011.

  1. Amelia
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    Amelia BANNED

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    (Not sure what forum to post this in so if this is wrong - sorry about that.)

    Just wanna learn more about it since Dems seem to think it was critical to the economic melt-down of 2008.

    I've read a little including that it was well-intentioned but supposedly had mixed results.
     
  2. whitehall
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    whitehall Gold Member

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    A desperate act created in 1932 by the democrat majority to stem effects of the recession. How did it work out? Over the next eight years the recession turned into a soup line depression.
     
  3. techieny
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    techieny Conservative Supporting Member

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    Well he was very good in Above the Law but then his career took a bit of a dive.
     
  4. JakeStarkey
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    JakeStarkey Diamond Member Supporting Member

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    Glass-Stegall separated commercial and investment banking, so that banks were not underriting 50% loans to sales by their stock brokerage houses next door. Note all of the banking and financial problems since the act was dissolved some twenty years ago.
     

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