Archive | May 25, 2012

Glass-Steagall for Dummies: what it is and why the US needs it now

by Chris Griesedieck I don’t know who Peter Wallison is, but he does not seem to understand the consequences of re-implementing Glass-Steagall. Or he does, and is willfully ignoring them to irritate me and appease Jamie Dimon. Anyway, Glass-Steagall was a Depression-era, federal regulation (fully repealed under the Clinton administration after years of chipping away by banking industry lobbyists) […]

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