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This Day In Market History, June 16: FDR Signs Banking Act Of 1933

This Day In Market History, June 16: FDR Signs Banking Act Of 1933
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A renewed call to break up big banks

In a volume that is decades in the making, retired law professor Art Wilmarth tells the story of the Glass-Steagall Act its origins, demise and aftermath. He also makes a case for restoring the separation between banks and securities firms, arguing that erecting such a barrier would reduce systemic risk and weaken the big banks’ political power. ....

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