Trump Media and Tech Group (NO Politics Allowed) (DJT)

[beenhadbefore]

The SEC I believe was invented by Joe Kennedy correct? The only thing positive was the....Glass-Steagall Act I believe.

Over time, politicians and economists critical of the prohibitions advocated ending Glass-Steagall. They objected to what they perceived as over-regulation of the banking industry.

In 1999, after decades of lobbying and proposed legislation, some Glass-Steagall provisions were repealed as part of the Gramm-Leach-Bliley Act. Institutions could participate in both commercial and investment activities.

But critics of the repeal said it crossed a firewall between commercial and investment banking, and may have led to the Great Recession of 2008.

And I agree with the many, who also agree.