For decades, the Glass-Steagall Act was a bedrock principle on Wall Street, where the peanut butter of lending and deposit-taking never mixed (legally) with the chocolate of playing the market. That bedrock was smashed in 1999, however, when the Gramm-Leach-Bliley Act undid much of the law.
For decades, the Glass-Steagall Act was a bedrock principle on Wall Street, where the peanut butter of lending and deposit-taking never mixed (legally) with the chocolate of playing the market. That bedrock was smashed in 1999, however, when the Gramm-Leach-Bliley Act undid much of the law. Mark Lennihan AP
For decades, the Glass-Steagall Act was a bedrock principle on Wall Street, where the peanut butter of lending and deposit-taking never mixed (legally) with the chocolate of playing the market. That bedrock was smashed in 1999, however, when the Gramm-Leach-Bliley Act undid much of the law. Mark Lennihan AP

One thing both parties want: Break up the banks

July 26, 2016 12:34 PM