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The Glass–Steagall Act: Unraveling the Myth

There is no evidence that pre-Glass–Steagall banks’ securities activities led to more bank failures than among their specialized peers. ....

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Wall Street Crime And Punishment: Richard Whitney, From Blue Chip To Behind Bars

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Does crime pay?
Wall Street Crime and Punishment is a weekly series by Benzinga s Phil Hall that chronicles the bankers, brokers and financial ne’er-do-wells whose ambition and greed takes them in the wrong direction.
In the annals of Wall Street miscreancy, few titans of business have experienced a more celebrated rise and ignominious crash than Richard Whitney. In October 1929, he was praised for an act of unprecedented bravery that singlehandedly halted an epic panic but nine years later, he was sitting in a cell in Sing Sing after being convicted of embezzlement.
How did Whitney go from such a glorious point A to a tragic point B? Well, it’s a bit complicated. ....

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Wall Street Crime And Punishment: Joseph P. Kennedy, The Crooked Dynasty Patriarch

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Does crime pay?
Wall Street Crime and Punishment is a weekly series by Benzinga s Phil Hall that chronicles the bankers, brokers and financial ne’er-do-wells whose ambition and greed takes them in the wrong direction.
Joseph P. Kennedy was one of the most controversial figures in business and politics during the first part of the 20th century. Most people today might recognize him as the patriarch of the dynasty that had a profound impact on government, but the methods that he used to build his business empire deserve attention for this series.
An Outsider Standing Out: Kennedy was born in Boston in 1888, the eldest son of Patrick Kennedy, a first-generation Irish-American who made his fortune in saloon ownership and investments and became an important figure in the city’s Democratic Party machinery. ....

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Wall Street Crime And Punishment: Albert H. Wiggin, An Old-School Banker Whose Stock Prescience Got Him In Trouble

Wall Street Crime And Punishment: Albert H. Wiggin, An Old-School Banker Whose Stock Prescience Got Him In Trouble
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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