Letters to the Editor – Restore Glass Steagall
Posted on October 28, 2009
Filed Under depression |
Interesting commentary. Let me explain a bit: Glass Steagall is the act that separated investment banking from “regular” banking after the Great Depression. It was repealed in 1999 – because it was “different this time.” As Yves Smith at Naked Capitalism has called it, the separation of Casino Banking from Traditional banking. Now we’ve got at least three people: The former chairman of the Federal Reserve The current English equivalent to Ben Bernanke A former chairman and
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Letters to the Editor – Restore Glass Steagall
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