On the campaign trail for the Democratic presidential nomination, candidate Bernie Sanders has been hammering away at Wall Street and its impact upon the economy, calling for the return of the Glass-Steagall Act, the breakup of large banks, and other reforms that he says go further than the Dodd-Frank Act. However, the proposed changes from… Read More >>
Should Glass-Steagall Be Revived to Stop ‘Too Big to Fail?’
(Editor’s note: This is the first part of a two-part series on whether in the wake of the repeal of the Glass–Steagall Act of 1932 there are financial institutions that have become “too big to fail” because they have essentially bet too much of the firm’s money on highly risky capital markets. The recent turmoil… Read More >>
