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1 day ago · The Glass-Steagall Act was part of the Banking Act of 1933. ... Robert Rubin in introducing a repeal of sections 20 and 32 of the Glass-Steagall Act on grounds that “market realities” needed ...
May 13, 2024 · 8 views 1 minute ago. For 66 years, the Glass-Steagall Act pulled in the reins on the banking industry’s wild financial speculation and protected our economy from major market crashes like in...
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Apr 25, 2024 · “After 12 attempts in 25 years, Congress finally repeals Glass-Steagall, rewarding financial companies for more than 20 years and $300 million worth of lobbying efforts. Supporters hail the change as the long-overdue demise of a Depression-era relic.
May 7, 2024 · For 66 years, the Glass-Steagall Act pulled in the reins on the banking industry’s wild financial speculation and protected our economy from major market crashes like in 1929. Many economists credit Glass-Steagall with helping the U.S. economy steadily grow into a world power in the post-WWII era.
4 days ago · Library of Congress. The 21st Century Glass-Steagall Act (S. 1709, H.R. 3054) would prohibit commercial banks insured by the Federal Deposit Insurance Corporation (FDIC) from acting as or affiliating with investment banks.
1 day ago · Robert Rubin: 1995–1999: Lawrence Summers: 1999–2001 ... The act repealed a provision of the New Deal's Glass–Steagall Act of 1933 that had required banks to ...
Apr 29, 2024 · The Glass-Steagall Act, part of the Banking Act of 1933, was a law passed during the Great Depression in response to the collapse of a large portion of the American commercial banking system. Its primary aim was to restore public confidence in the banking system.
