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Reflections on Glass-Steagall and Maniacal Deregulation


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Reflections on Glass-Steagall and Maniacal Deregulation

Robert Weissman

Today marks the 10-year anniversary of the passage of the repeal of the1933 Glass-Steagall Act and related legislation. It is an anniversaryworth noting for what it teaches us about forestalling financialcrises, the consequences of maniacal deregulation, and theout-of-control political power of the megafinancial institutions.