Financal System

23/12/15 07:59 Filed in: English

While the 2008 financial crisis almost certainly would have occurred if Glass-Steagall had remained in place, its repeal greatly aided the spread of the disaster throughout the financial system and broader economy. Unfortunately, there's been too little willingness by those on Wall Street and in Washington to admit this mistake (and others) or, more importantly, to allow the facts to guide our efforts to prevent another financial crash:
http://www.huffingtonpost.com/dennis-m-kelleher/the-lessons-of-repealing-glass-steagall_b_8532666.html