Counterpoint: A 21st Century Glass Steagall Act Is NeededGuest Post
Counterpoint: A 21st Century Glass Steagall Act Is Needed
Editor’s Note: For an alternative viewpoint, see: Point: Why We Shouldn’t Bring Back Glass-Steagall
The Glass Steagall Act is the Depression-era law that gave financial companies a choice: you could be a plain old bank and enjoy the benefits of deposit insurance, or you could be an investment bank and trade in risky securities. But you couldn’t be both — you couldn’t play the casino with federally . . .
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