Push to reinstate parts of Glass-Steagall Act gathers support

12/28/2009 | Bloomberg

Lawmakers from both parties are warming to the idea of reimposing portions of the Glass-Steagall Act, a 1933 law that separated investment-banking activities from commercial-banking operations. Doing so could have wide-ranging repercussions for financial institutions. The idea of reviving Glass-Steagall has sparked debate about whether the act could have prevented the financial crisis or help sidestep future issues.

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