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Thursday Anniversary of Glass-Steagall Repeal: Lessons About Maniacal Deregulation, Political Power of Mega-Financial Institutions


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Thursday Anniversary of Glass-Steagall Repeal: Lessons About Maniacal Deregulation, Political Power of Mega-Financial Institutions

WASHINGTON - Thursday marks the 10-year anniversary of the passage of the repeal of the 1933 Glass-Steagall Act and related legislation. It is an anniversary worth noting for what it teaches us about forestalling financial crises, the consequences of maniacal deregulation and the out-of-control political power of the mega-financial institutions.

What lessons should be learned from the 10-year debacle?

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