Repeal of Glass-Steagall (1999) — #1 in Top 10 Worst Financial Regulations | Top10Grid
#1
Repeal of Glass-Steagall (1999)
The Gramm-Leach-Bliley Act tore down the wall between commercial and investment banking, enabling the reckless derivatives gambling and too-big-to-fail megabanks that directly caused the 2008 financial crisis.
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