A picture is worth a thousand pages of financial reform
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banking | dodd-frank | financial reform | glass-steagall | gramm leach bliley | regulation | too big to fail | wall street
Here’s a snapshot of FDR & Co. in 1933 as they signed Glass-Steagall, which separated the financial sector into safer, deposit-taking commercial banks and risk-taking investment banks – Wall Street.
And here’s a photo of Bill Clinton & Co. repealing Glass-Steagall in 1999, with the passage of the Graham-Leach-Bliley act known as the Financial Services Modernization Act.
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