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On March 26, 2024, the National Association of Industrial Bankers (NAIB), American Financial Services Association (AFSA), and American Fintech Council (AFC) (collectively...
There is no evidence that pre-Glass–Steagall banks’ securities activities led to more bank failures than among their specialized peers.
As the financial turmoil has worsened, many politicians have resorted to mutual recrimination in a “blame your opponent” exercise over who was responsible for the debacle. As the process drags on, the recrimination of choice has become whether you ever were, or ever have been, in favor of deregulation, and Republicans seem to be getting much of the blame.