David Ano (losttoy) wrote,
David Ano
losttoy



The original Glass–Steagall Act of 1933 worked for 66 years until it was repealed in 1999. Originally it limited commercial banks activities and affiliations with investment banks and securities firms. Once repealed, those banks went on to cause the U.S. financial crisis of 2007-2009 and the Global financial crisis of 2008-2009. The tax payers bailed out banks that were “too big to fail”, however we need to make sure this dos not happen again.



https://www.change.org/p/barack-obama-u-s-house-of-representatives-u-s-senate-support-s-1709-21st-century-glass-steagall-act-of-2015?recruiter=1637279&utm_source=share_petition&utm_medium=copylink
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