April 11, 2016 at 1:09 pm
#18689
jmherbener
Participant
Here are a few pieces on the partial repeal of Glass-Steagall:
https://wiki.mises.org/wiki/Glass-Steagall_Act
https://mises.org/library/does-it-make-sense-resurrect-glass-steagall-act
https://mises.org/library/insuring-deposits-ensuring-insolvency
https://mises.org/library/separation-commercial-and-investment-banking-morgans-vs-rockefellers
http://tomwoods.com/blog/the-glass-steagall-myth-revisited/
Tom Woods points out that the headline-grabbing failures of the downturn were unaffected by the repeal. They either remained pure investment banks or failed because of commercial loan portfolios, or they were not banks at all.