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Glass-Steagall repeal

1930’s vs. 1990’s

Fascinating Juxtaposition The two photos above, from today’s New York Times, present a fascinating juxtaposition. The photo on the left shows FDR signing legislation — known as The Glass-Steagall Act — separating the nation’s investment banks from its commercial banks. It was the latter that held ordinary Americans’ savings deposits, and it was the former’s...
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