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janice shell

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janice shell

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Re: beenhadbefore post# 4677

Saturday, 10/30/2021 10:35:11 PM

Saturday, October 30, 2021 10:35:11 PM

Post# of 44862
In 1999, after decades of lobbying and proposed legislation, some Glass-Steagall provisions were repealed as part of the Gramm-Leach-Bliley Act.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.

I also agree. Glass-Stegall should have been left in place.

But I don't recall Trump trying to bring it back. Not with his advisers.
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