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Should Glass-Steagall be passed again?

erichfootball

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The repeal of glass-steagall may have caused the recession of 07-08 -- Should we separate commercial and investment banks?
 

Jomama

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Emotionally I say Yes. But the solution if probably more complicated. I'm not sure how that would have made a difference with AIG. I would like to break up the banks, tired of bailing them out. Or turn them into large financial utilities like in Canada.
 

EdwardBaiamonte

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The repeal of glass-steagall may have caused the recession of 07-08 -- Should we separate commercial and investment banks?

actually very few believe that it had anything to do with crash. THe way to prevent a crash is to switch to capitalism.
 

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