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In light of the recent financial crisis of 2007-2009, do you think that the firewall created...

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Finance

In light of the recent financial crisis of 2007-2009, do youthink that the firewall created by the Glass-Steagall Act of 1933between commercial banking and the securities industry proved to bea good thing or not?

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In 1933 Glass Steagall Act was passed as a response to the great depression in US The following things were included in Glass Steagall act 1 Commercial banking was separated from investment banking 2 It established the FDIC Federal Deposit Insurance Corporation which provides    See Answer
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In light of the recent financial crisis of 2007-2009, do youthink that the firewall created by the Glass-Steagall Act of 1933between commercial banking and the securities industry proved to bea good thing or not?

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