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Robert from yahoo bd

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Robert from yahoo bd

Re: Donotunderstand post# 768294

Sunday, 09/17/2023 12:55:19 PM

Sunday, September 17, 2023 12:55:19 PM

Post# of 794721
As I recall, under the Clinton Administration, the Glass-Steagall Act of 1933 was repealed or neutered extensively after a lengthy lobbying push by Citi and Travelers and the Banking Industry.

Did it contribute to the 2008 Financial Crisis? It's a question of debate:

https://www.npr.org/sections/thetwo-way/2015/10/14/448685233/fact-check-did-glass-steagall-cause-the-2008-financial-crisis

https://kaptur.house.gov/media-center/press-releases/kaptur-reintroduces-return-prudent-banking-act-reinstate-key-provisions
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