Regulatory changes are not as strong as Glass-Steagall, insiders say

05/26/2010 | Bloomberg

Regulatory-reform legislation making its way through Congress likely would not keep the financial system from facing another crisis, said many market participants, former regulators and historians. The same was true for rules of the post-Depression era, although the Glass-Steagall Act, which separated investment banking from commercial banking, was seen as an "effective antitrust law." It was later repealed.

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