Glass-Steagal

And Clinton's legacy is a long, ugly list of betrayal indeed: NAFTA, Welfare Reform, the Antiterrorism and Effective Death Penalty and Iraq Liberation Acts, the Salvage Rider, and the shattering of Glass-Steagal, which is greatly responsible for the current market meltdown.

Palestine Chronicle - Headlines 2008

And Clinton’s legacy is a long, ugly list of betrayal indeed: NAFTA, Welfare Reform, the Antiterrorism and Effective Death Penalty and Iraq Liberation Acts, the Salvage Rider, and the shattering of Glass-Steagal, which is greatly responsible for the current market meltdown.

Oppose Barack Obama? How Dare Thee!! 2008

THere were man deregulation reforms that were put in place long before Glass-Steagal was replaced, beginning in the early 1980s.

Matthew Yglesias » Mankiw Endorses TBTF Tax 2010

Most importantly, since the demise of Glass-Steagal, many of the larger institutions have incorporated the complexities of investment banking into their business models.

Dennis Santiago: FDIC Bank Assessments Change on April 1st As Dodd-Frank Comes to Banking Dennis Santiago 2011

If Congress wants banks to be banks again they simply need to repeal Glass-Steagal.

Levin swears repeatedly at Goldman hearing 2010

Of course securitization of credit played a huge role in this particular crisis, so I understand why people think that reinstituting Glass-Steagal is a core reform.

Matthew Yglesias » Presidents Shape Their Circumstances 2010

For those that were not, the problem was lax lending standards, not the repeal of Glass-Steagal.

The Volokh Conspiracy » Greenspan’s ‘The Crisis’ and Modigliani and Miller 2010

The institutions that lay at the heart of the financial crisis are predominantly investment banks and hedge funds which were engaging in activity that was legal for them even before the repeal of Glass-Steagal.

The Volokh Conspiracy » Cato Program, “Did Lack of Consumer Protection Cause the Crisis?” 2010

I would have separated investment banking and commercial, deposit banking, as we did under the Glass-Steagal Act.

Get Briefed: John Bogle Chris Barth 2011

On the other hand, one of the main beneficiaries of Glass-Steagal repeal, Bank of America, was actually doing pretty well before the Paulson Treasury Department strong-armed them into buying out Merrill Lynch (an action that, again, would not have been possible without the repeal of Glass-Steagal and that certainly saved the firm from Lehman-style bankruptcy).

The Volokh Conspiracy » Cato Program, “Did Lack of Consumer Protection Cause the Crisis?” 2010