Comment: My understanding of the Glass-Steagall Act

(See in situ)


My understanding of the Glass-Steagall Act

is that it Prohibited Wall Street stockbroker firms affiliated with commercial banks from gambling with the bank depositor's money. It was a good thing, and Clinton repealed it.

When a true genius appears in the world, you may know him by this sign: that the dunces are all in confederacy against him. ~J. Swift