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Glass-Steagall

Glass-Steagall: A Red Herring for the Financial Crisis

January 21, 2010

The causes of the Great Recession of 2008-2010 (and possibly beyond) have been debated and explored in many publications, including on these pages.  One of the arguments that I see frequently, even among Conservatives, is that the banking industry collapse was a direct result of the repeal of Glass-Steagall in 1999 by the Republican Congress [...]

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