Glass-Steagall’s Relevance: The Deregulation that Drove the Financial Crisis
investigativeeconomics.substack.com
The story of the 2007-2008 financial crisis has left out the role of deregulation. In the wake of the crisis, financial experts dismissed the effect of eliminating banking regulations like Glass-Steagall in media outlets like NPR and the Financial Times since the law was mainly aimed at preventing banks from getting too large or “too big to fail,” which wasn't essential to causing the crisis.
Glass-Steagall’s Relevance: The Deregulation that Drove the Financial Crisis
Glass-Steagall’s Relevance: The Deregulation…
Glass-Steagall’s Relevance: The Deregulation that Drove the Financial Crisis
The story of the 2007-2008 financial crisis has left out the role of deregulation. In the wake of the crisis, financial experts dismissed the effect of eliminating banking regulations like Glass-Steagall in media outlets like NPR and the Financial Times since the law was mainly aimed at preventing banks from getting too large or “too big to fail,” which wasn't essential to causing the crisis.