So what is the Glass-Steagall Act?

What Is Glass-Steagall? The 82-Year-Old Banking Law That Stirred the Debate

Plenty of mention of this in the recent Dem debates. A pretty good breakdown of what it is. Basically, in the depths of the Great Depression, Congress passed a law saying that banks that people put their life savings in, should not be allowed to try to make money by gambling on the stock market. That’s the really simplified version and the article does a lot better at explaining it.


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