Londo_Jowo
Lifer
Doesn't appear to be as cut and dry as you claim.
http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_ActMany commentators have stated that the Gramm-Leach-Bliley Act’s repeal of the affiliation restrictions of the Glass-Steagall Act was an important cause of the late-2000s financial crisis. Others have argued that the activities linked to the financial crisis were not prohibited (or, in most cases, even regulated) by the Glass-Steagall Act. Commentators have also argued that the ability of commercial banking firms to acquire securities firms (and of securities firms to convert into bank holding companies) helped mitigate the financial crisis.
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