Glass-Steagall for Dummies: what it is and why the US needs it now
By Chris Griesedieck I don't know who Peter Wallison is, but he does not seem to understand the consequences of re-implementing Glass-Steagall. Or he does, and is willfully ignoring them to irritate me and appease Jamie Dimon. Anyway, Glass-Steagall was a Depression-era, federal regulation (fully repealed under the Clinton administration after years of chipping away by banking industry lobbyists)…
Source: scholarsandrogues.com